Dave points to an article about Wizzit in Africa.
Wizzit, which is a mobile banking provider that offers a transaction banking account accessible via mobile phone and debit card. It has about 50K customers for its virtual bank (there are no branches). Customers can use their mobile phone to make person to person payments, transfer money, purchase prepaid electricity, and buy airtime for a prepaid mobile phone subscription.
Source: Digital Money Blog: Mobile banking in Africa
Its interesting how 3rd world countries can go straight to wireless technologies - we can learn about consumer adoption from these lessons.
Technorati tags: consumer+adoption
1 response so far ↓
Mobile telephony and banking | Phoney finance | Economist.com « Bankwatch // Saturday, 9 December 2006 at 21:52
[...] Another article on the topic of mobile banking in Africa Earlier we posted a reference to Wizzit. Here the Economist talks about the challenges of authentication, and usability, but there are several players in this space in Africa. [...]
Leave a Comment