0
Wireless

Africa accounts for 52% of world m-payments transactions

Wednesday 18 February 2015 | 10:13 CET | News
The number of smartphones in Africa is expected to grow by over 40 percent this year and to double to pass 350 million units by 2017, according to research from Deloitte. 'The market is stimulated by strong growth in African economies and catalysed by the arrival of low-cost smartphones that are democratising internet access,' writes Deloitte francophone Africa executive Karim Koundi. He calculates that the smartphone market will grow by more than 40 percent this year, with 70 million units being sold across the continent. Until now smartphones have only had a 15 percent penetration in

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Categories: Mobile & Wireless
Companies: Deloitte
Countries: Africa
::: add a comment

Add comment

Please login or register to leave a comment.

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

New middle class driving African mobile growth

Published 02 Mar 2016 08:28 CET | Africa
Africa's telecom market will see further consolidation and more inbound investment as markets opens up and economic returns ...

W African m-money market hits USD 8.6 bln in 9 months

Published 10 Feb 2016 23:40 CET | Africa
Mobile money transfers in the West African Economic and Monetary Union reached XOF 5.12 trillion (USD 8.6 bln) in the first nine ...

Prestadesk launches mobile banking app for any network

Published 27 Apr 2015 21:28 CET | Congo
Republic of Congo microfinance ICT specialist Prestadesk has launched the Promot Mobile Banking service, which differs from ...

Smartphone en m-money groeien explosief door in Afrika

Published 18 Feb 2015 10:24 CET | Africa
De smartphone is bezig aan een opmars in Afrika, meldt Deloitte in een studie. Het aantal actieve smartphones groeit naar ...

M-payment providers to earn USD 1.5 bln in Africa by 2019

Published 15 Feb 2015 13:58 CET | Africa
Mobile money providers will earn an estimated USD 1.5 billion in fees from such things as bill payments and sending money to ...

Sub-Sahara Africa mobile penetration to reach 79% in 2020

Published 08 Jan 2015 11:05 CET | Africa
The mobile penetration in sub-Saharan Africa (SSA) region is expected to increase from 52 percent in 2012 to 79 percent in 2020, ...

Africa to surpass 1 bln mobile subscriptions in 2016

Published 11 Nov 2014 17:04 CET | Africa
Africa mobile subscriptions rose to 851 million at the end of June from 808 million six months earlier. Market researcher Ovum ...

Sub-Saharan Africa telecom revenue to show 6% CAGR

Published 25 Aug 2014 12:56 CET | Africa
Telecommunication service revenue in the Sub-Saharan Africa (SSA) market will increase at a 6 percent CAGR during 2013-2018, ...





Calendar   /   Industry Events

25 Oct Facebook Q3
25 Oct Dtac Q3 2021
25 Oct Calix Q3 2021
26 Oct F5 Networks fiscal Q4
26 Oct Twitter Q3 2021
26 Oct MediaTek Q3
26 Oct Microsoft fiscal Q1
26 Oct SK hynix Q3
26 Oct Orange group Q3 2021
26 Oct Siminn Q3 2021
26 Oct KPN Q3 2021
26 Oct NENT Q3 2021
26 Oct Juniper Networks Q3 2021
26 Oct Corning Q3
26 Oct TIM Brasil Q3 2021
26 Oct Alphabet Q3 2021
26 Oct Digital Realty Q3
26 Oct MWC Los Angeles
26 Oct Samsung Developer Conference
26 Oct Cabsat
26 Oct FCC meeting
27 Oct Vertiv Q3
27 Oct Netgear Q3
27 Oct Megacable Q3
27 Oct Twilio Q3
27 Oct Telefonica Deutschland Q3 2021
27 Oct TIM Q3 2021
27 Oct Spotify Q3 2021
27 Oct Android Dev Summit
27 Oct Digital Utilities Europe 2021
::: More Calendar Items