Mobile Money in Nigeria?

Bridging the Divide, from Talk to Action
 

Mobile Money in Nigeria?

Published on Sat, Nov 24 2012 by Akin.Adekeye

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Pikin-In-Chief
Thu, Nov 29 2012
08:43 AM
CLARIFICATIONS
Social infrastructure probably still developing
 
Payment needs are people driven. And people look to options that the social infrastructure makes accessible. So right now the African mobile operators have democratized access to basic mobile call services and folks have adopted it en mass to fill needs. However payment infrastructure, mobile or not, is driven by large, entrenched and slow-moving institutions. These folks are not so concerned with growing or expanding reach of their infrastructure. No, probably content just milking the pipeline reach of existing payment infrastructure. We need new players in banking to do what has been successfully done in mobile telecommunications...
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