Connecting Africa is part of the Informa Tech Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

FinTech

MWC 2017: Africa Features in Ovum's Highlights

Article Image
BARCELONA -- Mobile World Congress 2017 -- The global mobile community is in Barcelona this week, including all of the industry's leading industry analysts.

Here are some views from a couple of the smart folks at Ovum who have been checking out the hot trends here in Barcelona:

Service providers detail key parts of digital-first strategies -- Mark Oliver, Ovum's Head of Consulting, EMEA

    "Against the backdrop of slow growth and the continued disruption of core services by new Internet entrants, members of the 'Mobile Operator Digital Transformation' conference panel debated where they see themselves in the next 12–24 months.

    "Orange's chief strategy officer, Bénédicte Javelot, confirmed that Orange is shortly to become a disruptor itself, via the launch of Orange Bank in just a few weeks. Orange Bank will build on the success of Orange Money in the Middle East and Africa, as it aims to become the number one digital partner in the lives of its customers within the next three years.

    "The panel largely agreed that digital transformation means taking advantage of new technologies to better serve customers, while allowing access to new business areas. However, panel members could not agree on the specifics of how this will play out."

Tokenization emerges as enabler of contextually relevant commerce -- Kieran Hines, Ovum's Head of Industries

    "The concept of contextual relevance remains extremely important to any discussion on the future commerce experience, and there is growing acceptance that payment services need to have the flexibility to support a range of different commerce scenarios. Indeed, the focus of innovation from much of the industry is now aimed at providing solutions to address the needs of specific types of merchant. Payments are becoming fit for context.

    "There have been several noteworthy announcements in this area so far. Mastercard has announced the expansion of its Qkr! service, rolling out in six more markets in 2017. Aimed at the hospitality industry -- and restaurants in particular -- the app enables customers to place orders and settle and split bills from within the service (paying with the Masterpass wallet). In addition to being made available in Brazil, Canada, Ireland, Singapore, South Africa and the US, the service will target a range of new use cases, including school fees, parking and vending."

— The Staff, Connecting Africa

Innovation hub

Story

Hot startup of the month: Pan-African fintech KamaPay

This month's hot startup is pan-African fintech KamaPay, which helps individuals and businesses make cross-border payments on the continent.

Story

Afretec awards $3.3M in grants to African research teams

The African Engineering and Technology Network (Afretec) has awarded grants worth $300,000 each to 11 university research teams across Africa to advance digital technologies.

More Innovation hub

Latest video

More videos

Sponsored video

More videos

Industry announcements

More Industry announcements

Flash poll

All polls

Africa Tech Perspectives

Story

Deep dive into East Africa's tech startup ecosystem

New survey reveals a lack of access to investors, reliance on international VCs and global recession trends as the biggest barriers for East African tech startups to access funds.

Story

Challenges and opportunities for women's tech careers

A new survey reveals that COVID-19, the cost-of-living crisis, skills shortages and a lack of mentorship have negatively affected women's career development over the past two years.

Story

Survey: Opportunities for Women in Tech

Take our new survey for women across Asia, Europe and Africa looking at the biggest challenges and opportunities for women-led enterprises and trends in tech careers for women.

More AfricaCom perspectives

Upcoming events

London Tech Week
June 13-16, 2023
Queen Elizabeth II Centre, Broad Sanctuary, London SW1P 3EE
Cybertech Africa 2023
August 1-2, 2023
Kigali Convention Center, Kigali, Rwanda
Africa Tech Festival, Home of AfricaCom and AfricaTech
November 13-16, 2023
CTICC, Cape Town
More Upcoming events

Guest Perspectives

Story

Omdia View: February 2023

By Omdia Analysts

In February 2023 key events in the Middle East and Africa included a major Internet project for Africa's underserved by Liquid Intelligent Technologies and Microsoft as well as a 5G launch in Tanzania – that and more in this month's Omdia View.

Story

Omdia View: July 2022

By Omdia Analysts

Kenya and Zambia move towards 5G with new spectrum allocations while Tunisie Telecom plans to shut down its 3G network - that and more in this month's Omdia View.

More Guest Perspectives

Partner perspectives

All Partner Perspectives

Like us on Facebook

Newsletter Sign Up


Sign Up