The country is preparing for rapid change as smartphones gain a much more important role. The latest mobile commerce news from the Communications Commission of Kenya is that there are approximately 39 million cell phone subscribers in the country, which means that there is more than one device for many of the 22 million Kenyan adults. Among those consumers, almost 20 million of them are subscribers to smartphone money services. In that same country, the largest bank has only approximately 9 million accounts, which clearly shows that mobile commerce is…
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Mobile payments agreement created between Vodafone and ICICI Bank
The initial launch will occur in the eastern region of India but it will expand from there. ICICI Bank has just announced that it has joined into a partnership with Vodafone India that will allow customers to use mobile payments to purchase goods and transfer funds. At first, the service will be available in Jharkhand, West Bengal, and Bihar in the east. The mobile payments service will be referred to as “m-pesa” and will allow consumers to create an account with ICICI bank, from which their Mobile Commerce Solutions. This…
Read MoreMobile payments are rapidly evolving in Africa
Though M-Pesa from Kenya is still the most successful, the market is growing quickly. M-Pesa, the mobile payments program from Kenya’s Safricom, is easily the top form of smartphone transaction in Africa, but that marketplace is rapidly growing and evolving with many other players taking part. Many are surprised to find that there are parts of Africa where its competitors are in the lead. Africa is one of the regions where mobile payments are taking off like wildfire. In fact, the population appears to be making massive move toward a…
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