African mobile banking fees could generate $1.5 billion in fees by 2019

africa mobile technology

A The Boston Consulting Group (BCG) report illustrated the growth of sub-Saharan smartphone based payments. A recent report that has been published by The Boston Consulting Group (BCG) has provided considerable insight into the use of mobile banking and financial services in parts of sub-Saharan Africa, and the rate of growth within this trend. Many African consumers are now using mobile payments for sending money to other people and to pay their bills. The mobile banking report suggested that by the year 2019, the fees that would be collected from…

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