Emerging markets research firm, Jana has released an infographic showing insights on the e-commerce preferences of African consumers in Nigeria, Kenya & South Africa. Surveying 600 consumers in each country, the company asked respondents questions ranging from their favourite online store to their favourite payment mechanism. Have a look at their insights below:
The GSMA recently released data showing that there are over 23 million mobile money subscribers in Kenya which is about 74% of the country’s adult population. Mobile money has rapidly grown from a money transfer system to a payment platform supporting many financial products. The launch of M-PESA in 2007 was a critical breakthrough that
Vehicle owners in Tanzania are now set to pay for their car’s road licenses through M-Pesa following a partnership between Vodacom Tanzania and Tanzania Revenue Authority (TRA) to make use of the service. Speaking while launching the partnership in Dar es Salaam today, Vodacom Tanzania Head of Communication and Marketing, Kelvin Twissa, said that this
Arsenal Football Club has announced a partnership with Imperial Bank to issue co-branded debit cards throughout Kenya and Uganda. The three year partnership is the first major international financial agreement of its kind for Arsenal, and continues to build on the strong support for the Club in Africa. The card will offer a range of Club-related
The volume of remittances coming into Zimbabwe could easily be trebled if the process of sending money is put on Econet Wireless’ EcoCash platform. After nearly nine months of development, Econet says it is now putting the final touches to a platform that will allow remittances to be made between South Africa and Zimbabwe. Zimbabweans
Kenya Airways, the pride of Africa, and Uganda’s leading Mobile Money service provider, MTN Uganda have partnered to launch a service that allows customers to pay for Kenya Airways tickets using MTN Mobile Money. This additional payment option is part of the airline’s efforts to embrace technology and the convenience and improved customer experiences that
Standard Chartered Bank has introduced cross border banking aimed at providing seamless banking services to its SME customers across East Africa. With this new service, customers can transact freely within East Africa as if they were in their home country and at no extra cost. A customer will be able to access their funds throughout
M-PESA, the flagship brand of the leading integrated communications service provider Safaricom Limited, has introduced a new rent collection and payment service dubbed Lipa Kodi na M-PESA. Under the new scheme, customers will pay Kshs.6 for transactions of upto to Kshs. 5,000 while those paying between Kshs.50, 000 and Kshs.70, 000 will be charged a
More than 70% of prepaid electricity users prefer to use their mobile phones to buy electricity tokens than any other outlet, a survey conducted by Kenya Power has revealed. M-Pesa is the most popular facility accounting for 95% of all mobile based prepaid purchases. Kenya Power currently has 340,000 customers on prepaid metering system. The
National Microfinance Bank PLC (NMB) has been named “the Best Bank in Tanzania for 2013” by pre-eminent international finance magazine Euromoney. The awards were presented at the 2013 Euro money Awards for Excellence Dinner in London. In the year 2012, NMB has made notable progress by providing transactional, savings and investment, and lending solutions to
