SA mobile money market is tiny, but still worthwhile

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Despite high financial inclusion, the potential is 6-million South Africans, says GMSA

GSMA, the global industry body for telecommunications, says SA has a market of 6-million people who still do not have access to formal financial services, creating an opportunity for mobile money players to capitalise on.

As voice revenue and data margins fall, squeezed by public pressure and regulations, mobile operators have been looking at other ways to create revenue streams from their large customer bases...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.

 

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