Analysis of News relating to the Digital Money Ecosystem

Ghana is Africa's fastest-growing mobile money market - Quartz

09/07/2019 Link to source

Ghana is Africa's fastest-growing mobile money market    In the past few years, the unprecedented growth of mobile financial services in sub-Saharan Africa has defied all expectations. While Kenya is often cited as a ...

Context

	Ghana The Republic of Ghana, is a country in West Africa. It is bordered by Ivory Coast to the west, Burkina Faso to the north, Togo to the east, and the Gulf of Guinea to the south.
	Kenya Kenya has approximately 25 million mobile subscribers and 10.2 million Internet users. Mobile penetration stands at 63.2 per cent, with the majority using their devices for money transfers and Internet access.
	Mobile money The Mobile Money service category described by Shift Thought™ refers to financial services that provide a stored value account where the customer relationship is not with a bank.
	Mobile wallet Mobile Wallet service category refers to the use of an account and stored value or e-money associated with a mobile subscriber.
	Africa Region World's second largest and second most populous continent, after Asia
	Middle East & Africa Middle East and Africa
	Visa Mobile Money - Kenya Visa Inc. launched their new plug-and-play mobile money platform to offer bank-grade financial services with simplified transactions in February 2016, claimed to be more cost-efficient for financial institutions and mobile operators.
	Visa Mobile Money Visa Inc. launched their new plug-and-play mobile money platform to offer bank-grade financial services with simplified transactions in February 2016, claimed to be more cost-efficient for financial institutions and mobile operators.
	Mobile Money Mobile money uses ownership of the mobile to extend financial access
	Aircel ICICI Mobile Money Aircel partnered with ICICI to launch Mobile Money, a prepaid account for Aircel subscribers through which they can transfer funds, pay bills and enjoy other services from their mobile phones.
	Visa Mobile Money Visa Inc. launched their new plug-and-play mobile money platform to offer bank-grade financial services with simplified transactions in February 2016, claimed to be more cost-efficient for financial institutions and mobile operators.

---