Digital Africa, an oxymoron? Think again!
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At Stream11 shared few facts and learnings from Sub Saharan Africa; how this part of the world is leading digital practices in banking, mobile and innovation. Banks have evolved from brick (branch) to bit (online) banking, but future belongs to virtual banking, where we can carry digitized form of money and pay anyone, at anytime instantaneously. Most of Sub Saharan markets are doing Mobile Commerce (M-PESA) for last couple of years. Mobile as primary device, world will take another 3 years, where as Sub Saharan markets its always been primary and the only mode. Digital innovation in Sub Saharan Africa is not driven by lifestyle, its about life and about livelihood. for questions @gauravtwits
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Digital Africa, an oxymoron? Think again!
- 1. Digital doesn’t exist in Africa
- 2. Shanghai New Delhi Mumbai kuala lumpur Singapore Jakarta Nairobi Sydney
- 3. It’s not about technology it’s about technology’s immersion into everyday life. And that’s enabling Africa to grow in a totally different direction
- 4. UNBANKED UNWIRED UNRESTRAINED
- 5. Kenya 43 Banks 1500 1000 Branches ATMs
- 6. 18 million users person-to-person US$ 25000 366.783 M-Pesa M-Pesa agents. million per month. st World's1 commercial mobile money transfer system. More transactions domestically than western union does globally
- 7. M-Pesa M-Kesho World's1 st commercial mobile A bank account in partnership with money transfer system. Equity bank International Money M-Ticketing Transfer Service A ticketing service allowing one to buy tickets on their Western Union and M-pesa mobile phone International money transfer service
- 8. UNBANKED UNWIRED UNRESTRAINED
- 9. 50% 55% mobile use mobile penetration to access internet over 35 under 13 13 - 17 over 35 gender age 18 - 24
- 10. percentage of highly engaged users online 51% 42% 51% Tanzania South Africa 56% 51% Kenya Egypt Morocco 5/10 42% 51% UAE China 56% 51% are african countries Saudia Arabia Turkey
- 11. percentage of highly engaged users online 51% 42% 51% Tanzania South Africa 56% 51% Kenya Egypt Morocco 5/10 42% 51% UAE China 56% 51% are african countries Saudia Arabia Turkey More subscribers than WESTERN EUROPE 547.5 million 20% yoy
- 12. UNBANKED UNWIRED UNRESTRAINED
- 13. MOBILE PHONE SERVICE FOR RURAL USERS WITHOUT A HANDSET MOVIRTU
- 14. EMAIL AND SMS FOR THE UNCONNECTED IN AFRICA ETXT
- 15. STORIES OF INNOVATION FROM THE DEVELOPING WORLD UFAHARI
- 16. CONNECTING FARMERS TO REAL-TIME PRICE INFORMATION M-FARM
- 17. CROWD SOURCED MAPPING MADE IN AFRICA USHAHIDI
- 18. USING SMS FOR HIV CONTROL SMS FOR HEALTH CARE
- 19. Gaurav Singh @gauravtwits THANK YOU