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Mondato’s MFS in Africa: Characteristics, Forecasts, and Trends (2015) report scrutinizes mobile financial services (MFS) in Sub-Saharan Africa, focusing on five key markets: Kenya, Tanzania, South Africa, Nigeria, and Ghana. The report provides an overview of all you need to know about MFS in Africa: analysis of the underlying drivers of growth, market sizing and sector forecasts for Africa though 2018. The report also includes the Mondato 4E™ framework that helps guide planning and strategic considerations for MFS deployments, as well as operational considerations in planning a deployment or seeking new growth opportunities. This document is a result of years of experience in Africa, desk research and innumerous interviews with industry stakeholders, to whom we are grateful. The entire report or its separate sections, MFS Africa overview and each of the five markets, are available for purchase.

Click below for more information.

Africa image.jpg

Who is the report for?

  • Telecom operators
  • Banks, insurance companies and other financial services
  • Payment service providers
  • Investor community
  • Software vendors
  • Public sector and donor community

What is the report for?

Identifying growth opportunities:

  • African market entry
  • Customer targeting
  • Regulatory compliance

Examples include

  • Banks, MNOs, retailers, SPs with an MFS offering looking to update MFS offering or add new services in Africa or other markets
  • Investors looking to invest in MFS in the market
  • Aid organizations who invest in development projects (FDI)
  • Innovative companies and startups following regulatory changes
  • International companies looking to learn from Africa's experience

All around the world, people are watching Africa as a case study on whether and how mobile financial services (MFS) can transform developing economies, and the way business is conducted within them. Much as mobile phones leapfrogged fixed line infrastructure and provided large numbers of previously unconnected consumers with access to telecommunications, MFS has the potential to deliver financial inclusion to the unbanked. Access to mobile wallets may facilitate interest-accruing savings, electronic payments that reduce costs, cheaper remittances, affordable insurance, and many other previously unavailable or unaffordable products and services.


Uniquely, the mobile channel also offers a medium by which consumers can increase their financial literacy, and optimize how they use such financial products. Adoption of these services may be a gateway to more advanced MFS offerings, meaning African markets have the potential to lead the world in revolutionizing how payments and commerce more broadly are conducted.

What does the report consider?

  • Market Sizing: MFS revenue estimates and how this is split across service types, value chain levels, and service provider organization types
  • Potential Opportunity: Growth expectations over the coming five years, and which players may be best positioned to capitalize on this opportunity
  • Strategic and Operational Considerations: Elements of MFS to be assessed when considering implementing MFS initiatives
  • Market Structure by Country: Ecosystem overviews that explore the various adoption drivers and business models

Click here for pricing options

Purchasers may opt for one country report any combination of their choosing:

  • Kenya
  • Tanzania
  • South Africa
  • Nigeria
  • Ghana

Pages: 130
Price: Starting at $1,750
For full pricing options or to buy now, click
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Photo Credits

Girl with map photo courtesy of Thomas Abbs on Flickr CC-BY2.0

Digital Payment Systems illustrations courtesy of lirneasia, Asian Development Bank, and Climate Centre.

Flag Of Tanzania by Fatemah Manji from The Noun Project

South Africa Flag by Pham Thi Dieu Linh from The Noun Project

Ghana by Christine Ly from The Noun Project

Nigeria Flag by Pham Thi Dieu Linh from The Noun Project