Why Will Mobile Banking Grow 19x (to $19 Bn) in the Next 10 Years?

1. 3 Reasons Why Mobile will Dominate
Banking in Africa
Praveen Velichety
velichety.com | @velichety

3. So, How Big is the Mobile Prize?

4. Before We Look at the
Size of the Prize ..
Let’s Look at the Key Factors Shaping
Mobile Banking in Africa

5. Africa is Increasing Stable
Polity IV Index is a 21-point democracy rating in which hereditary monarchies score a –10
and consolidated democracies a +10

6. Mobile Ecosystem is Growing

7. Mobile Penetration is High and Africa is the Fastest Growing Continent

8. >75% of Adults in Sub-Saharan Africa
Do Not have a Bank Account Today
90% could have access to
Mobile Wallets by 2025
Providing Remote Access to Financial Services will have a significant
impact to Increasing the Customer Base

9. Quality of Internet Banking Service is the Most Influential Factor for
African Customers while Choosing a Bank

10. Digitally Savvy Gen Y Customers are Driving Demand for
Digital Servicing
Gen Y is a Dominant Customer Segment in Africa

12. $19 bn by 2025
Forecasted Revenues for Mobile Financial Services
(< $ 1 bn in 2014 )

13. @velichety
velichety.com