Nigeria remains the most mobilized country in the world

According to a recent report released by Twinpine Networks, a premium mobile advertising network, Nigeria has retained its position as the most mobilized country in the world. Mobile penetration in the country increased from 40 percent recorded last year to 74 percent this year. 81 percent of the mobile traffic in Nigeria comes through mobile compared to India and South Africa, which has 79 percent and 78 percent respectively.

Twine pine

With the growing number of mobile phone users in Nigeria, it is not out of place to say that Nigerians are mobile-obsessed. This is due to the fact that almost everyone in the country, which includes those in the rural area, has a phone. People who don’t have electricity in their homes look for ways to charge their phones. The power bank market in the country is also a growing market because people need a mobile backup charger to charge their phones. Businesses in Nigeria now make use of mobile advertising to advertise their businesses instead of making use of the older way of using billboards, which actually costs more.

The report titled “ 2017 Nigeria Mobile trend report” also revealed that there are 91.5 million unique mobile users in Nigeria out of an estimated 192 million people.

Some other highlights of the reports are

Usage of multi-sim phones 

The report revealed that Nigeria is the country with the highest number of multi-sim phones in the world. The number stands at 66 percent followed by Bangladesh and Tanzania, which stands at 63 percent and 53 percent respectively.

Online activities that Nigerians engage in weekly

Social media is the most popular activity that Nigerians engage on followed by using search engines, checking emails and watching online videos.

Mobile commerce trend in Nigeria

The report showed that 63 percent of all M-Commerce orders in Nigeria come from Mobile. The top three products that Nigerians use their mobile phones to buy are mobile phones, beauty and perfumes and women’s clothing. Surprisingly, the report revealed that more men shop online than women. 61 percent of mobile shoppers are men while 39 percent are women.

Type of app that Nigerians pay for

Most Nigerians hardly pay for apps but the report revealed that Nigerians who paid for apps paid for game apps followed by music and entertainment.

How many Nigerians use mobile banking app

According to the report, about 71.5 percent of Nigerians use a mobile banking app. The benefits of using mobile banking apps are numerous. 63.6 percent of them use it to transfer money, 47.3 percent use it to purchase airtime and 42.7 percent use it to check their account balance

For more insight on the report, please click here to download.

Mobile Trojans steal users’ money through WAP-billing services

Mobile Trojan clickers that are stealing money from Android users through WAP-billing have been discovered by Kaspersky Lab researchers. The trend is becoming common with thousands of affected users in different countries across the globe.

Mobile TrojanWireless Application Protocol (WAP) billing has been widely used by mobile network operators for paid services and subscriptions for many years. This form of mobile payment charges costs directly to the user’s mobile phone bill, without the need for bank card registration or a sign-up process. A user is usually redirected to a different web page via a button and offered a range of additional services.

By clicking on it, the user activates a subscription, and his mobile account is charged. In this current threat scenario, all of these actions can be easily implemented by a Trojan, which performs in secret and clicks on every page by itself. In addition, a simple registration of domains in a mobile operator’s billing system, allows fraudsters to relatively easy connect their website to a WAP-billing service. As a result, money from a victim’s account flows directly to the hackers’ accounts.

“We haven’t seen these types of Trojans for a while. The fact that they have become so popular lately might indicate that cybercriminals have started to use other verified techniques, such as WAP-billing, to exploit users. Moreover, a premium rate SMS Trojan is more difficult to create. It is also interesting that malware has targeted mainly Russia and India, which could be connected to the state of their internal, local telecoms markets. However, we have also detected the Trojans in South Africa and Egypt”, says Roman Unuchek, security expert at Kaspersky Lab.

Read more

Innovations reboot Africa

Image result for mobile in africaTechnology in the last two decades had revolutionised the whole of industrial segment. A look back reveals the incredible story of what was once treated as a threat to workforce has now taken the centre stage globally.  Technology has integrated itself to industry and people in no time. Started with email becoming popular in the 90’s, followed by telecom- from a stationed equipment on the desk, it swiftly and silently revamped the telecom with pagers and now to mobiles. It didn’t stop there; use of robots in industry, followed by automation and with the help of artificial intelligence (AI) now to unmanned remote controlled drones, the technology is ever changing.

As mobile has become a standard feature and accessible to all classes of people, the efforts are made in developing mobile based industry applications. Automation and mobile applications have enabled industrial segments to simplify the process and made access it from anywhere in the world.

Technology adaptations central to Africa’s future
The story is no different in Africa, a continent which was written off by many of the developed countries a decade ago is not too far behind in technology adaptations. While the other parts of the globe witnessed step by step advancements, Africa was fortunate enough to bypass several steps and get the matured applications. All thanks to the delays in reaching Africa.

Kenya’s Co-op Bank mobile app loans hit Sh8.7 billion

Co-operative Bank says the number of mobile loans it is processing daily doubled in the past year to 1,000 bids in the period to June 2017, highlighting Kenya’s growing uptake of mobile-based lending.

Image result for mobile banking coop bankThe lender attributed this to the ease and convenience of getting credit via the M-Co-op Cash mobile app that has seen the average loan size on the platform grow to Sh19,000 from Sh12,800 in the half-year to June 2016.

Co-op Bank group chief executive Gideon Muriuki said it has so far issued cumulative loans worth Sh8.7 billion through the M-Co-op Cash platform since launch of the app in August 2014.

“The mobile loans are both affordable and delivery is real-time, and accessible via mobile phones,” said Mr Muriuki in an interview.

“We are focused primarily on offering advances for our salaried customers and top-up loans for our business customers with other loan facilities.”

M-Co-op Cash disburses loans of between Sh100 and Sh200,000 repayable within a month, and is available across all mobile money platforms such as M-Pesa and Airtel Money.

Read more