An employee assists a customer to set-up M-Pesa money transfer servive on his handset inside a mobile phone care centre operated by Kenyan's telecom operator Safaricom; in the central business district of Kenya's capital Nairobi, May 11, 2016. REUTERS/Thomas Mukoya
PARIS: Mobile phones and rising connectivity in Africa will give rise to a new market in mobile financial services, creating explosive opportunities for business on the continent, research has found.
The Boston Consulting Group (BCG) estimated that in three years, 250 million Africans without access to traditional banking services “will have mobile phones and a monthly income of at least $500”.
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