Publications
Partners
Women can use their burgeoning entrepreneurial skills to become mobile money agents. (NetworxPR)
Cape Town - Marginalised women in Africa are entering the economy for the first time, aided by the evolution of mobile technology.
This is according to AfricaCom13, Africa's largest communications conference and exhibition hosts.
"This means they are able to start small businesses and monitor market prices or even use their burgeoning entrepreneurial skills to become mobile money agents."
Mobile phone penetration on the continent is growing and has filtered down to sectors of the population previously difficult to reach, said AfricaCom13, making it possible for the marginalised female audience to have access to means of communication and enter the economy for the first time.
AfricaCom13 admitted that while the mobile market is maturing, mobile money services are still facing difficulties.
Some of these challenges include network availability, interoperability, technology delays and regulatory restrictions.
Delving into the twin factors of communications and finances will lay the foundation for economic growth, according to AfricaCom13.
It is hosting a two-day conference in November, Mobile Money Africa that aims to bring together all stakeholders in the mobile money ecosystem.
Mobile Money is a service that enables monetary transactions such as money deposits and transfers and payments for purchased goods and services on mobile phones. An example is the M-Pesa mobile money service.
The programme will include presentations, case studies, analyses and interactive discussions to identify how to benefit from the major opportunities and overcome the challenges of the market in Africa.
AfricaCom13 stated that while over a billion customers in developing markets across Africa have access to a mobile phone, several still do not have a formal bank account.
"Mobile Money services not only play a huge role in economic growth, they are also defining how we do business in the 21st century because they are sustainable, scalable and provide convenient and affordable financial services to previously overlooked informal economies."
- Fin24
* Add your voice to our Women's Wealth Issue and help empower others this Women's Month.
Write a guest post
Share your coping tips
Ask the experts
This is according to AfricaCom13, Africa's largest communications conference and exhibition hosts.
"This means they are able to start small businesses and monitor market prices or even use their burgeoning entrepreneurial skills to become mobile money agents."
Mobile phone penetration on the continent is growing and has filtered down to sectors of the population previously difficult to reach, said AfricaCom13, making it possible for the marginalised female audience to have access to means of communication and enter the economy for the first time.
AfricaCom13 admitted that while the mobile market is maturing, mobile money services are still facing difficulties.
Some of these challenges include network availability, interoperability, technology delays and regulatory restrictions.
Delving into the twin factors of communications and finances will lay the foundation for economic growth, according to AfricaCom13.
It is hosting a two-day conference in November, Mobile Money Africa that aims to bring together all stakeholders in the mobile money ecosystem.
Mobile Money is a service that enables monetary transactions such as money deposits and transfers and payments for purchased goods and services on mobile phones. An example is the M-Pesa mobile money service.
The programme will include presentations, case studies, analyses and interactive discussions to identify how to benefit from the major opportunities and overcome the challenges of the market in Africa.
AfricaCom13 stated that while over a billion customers in developing markets across Africa have access to a mobile phone, several still do not have a formal bank account.
"Mobile Money services not only play a huge role in economic growth, they are also defining how we do business in the 21st century because they are sustainable, scalable and provide convenient and affordable financial services to previously overlooked informal economies."
- Fin24
* Add your voice to our Women's Wealth Issue and help empower others this Women's Month.
Write a guest post
Share your coping tips
Ask the experts
