SA mobile money market is tiny, but still worthwhile
Despite high financial inclusion, the potential is 6-million South Africans, says GSMA
24 April 2023 - 18:17
UPDATED 26 April 2023 - 09:41
GSMA, the global industry body for telecommunications, says SA has a market of 6-million people who still do not have access to formal financial services, creating an opportunity for mobile money players to capitalise on.
As voice revenue and data margins fall, squeezed by public pressure and regulations, mobile operators have been looking at other ways to create revenue streams from their large customer bases...
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