Opportunity Scale
- 1.8 billion people globally have mobile phones but no bank acocunts (World Bank)
Success Stories/Adoption Figures
- 20% of Kenya’s GDP moves on mPESA (2013)
- 20 nations in the world where more than 10% of the population has used mobile money in the past year. 15 of those countries are in Africa (Global Financial Inclusion Database). Quoted in EY Mobile Money Report
- Square’s Growth in terms of payments processed : 2012 – $10 billion a year, 2011 – $2 billion a year