Aaron Oliver discusses Emerging Payments in Emerging Markets at this year’s Cards & Payments Africa event
Aaron Oliver, Head of Emerging Payments, Middle East and Africa for MasterCard recently spoke at Cards & Payments Africa 2014 event. Among the various topics and discussions Aaron stimulated, the most intriguing included how Africa is the heart of Mobile Money as well as MasterCard’s ever growing footprint in Africa.
On the topic of Mobile Money in Africa, Aaron spoke about how mobile payments in developing countries will surge in coming years. According to statistics presented by Aaron, 16 percent of adults in Sub-Saharan Africa has used a mobile phone in the past 12 months to pay bills or to send or receive money.[[docdownload EID=6982 DocID=14449 Community=da42b2e9-a9ed-435c-9d80-4b9c74899c4a]] Key points from the presentation:
- MasterCard is bringing together our assets, partnerships, and new capabilities to provide choice and access to consumer
- Partnerships to create interoperability and economies of scale
- The number and average size of mobile transactions in the developing world are growing exponentially
Involved in the Cards & Payments industry? You should join us in March 2015 for our Cards & Payments Africa show! For more information, please visit our Cards & Payments Africa 2015 website.