The Consultative Group to Assist the Poor (CGAP), a global partnership advancing financial inclusion to improve the lives of the poor, has published an infographic on Tanzania’s Mobile Money Revolution based on the GSMA Tanzania case study of 2014.
While Kenya is often referred to as the global pioneer of mobile money, Tanzania catches up. The mobile money industry is growing at an astonishing rate, and is now one of the most developed in the world. Still Kenya has a more active user base and a higher money flow through its mobile channels compared to Tanzania. However, Tanzania’s mobile money market is more competitive, with a great number of strong providers and substantially more wallets registered. With the growing competition between mobile money providers Tanzania is on its way of setting an example for others.
PharmAccess has vast experience on this topic in Kenya, through the Mobile Health Research Lab in Nairobi. The lab researches how mobile money can be leveraged to pre-pay for healthcare, so as to reduce out-of-pocket expenses, increase transparency and trust, thereby attracting more investments in healthcare. Online updates throughout the year describe some initial lessons learned.
Click here for our lab update of September 2014 and here for the update of March 2014 to read more about these lessons learned.