Global mobile payment transactions to surpass $235B

Global mobile payment transactions will generate $235.4 billion this year, growing 44 percent over last year’s US$163.1 billion. Asia-Pacific will account for US$74 billion, with growth driven by both developed and developing countries such as Singapore, India, and South Korea.

According to a Gartner report released Tuesday, global mobile transactions volume and value will clock an average growth of 35 percent between 2012 and 2017, climbing to over 450 million users and a market worth US$721 billion by 2017. Read more

Mobile technology will save firms trillions- report

Vodafone has launched a report that shows growth in mobile technology will lead to companies in the emerging markets being able to save up to Sh2.5 trillion annually by the year 2020.

The report dubbed ‘Connected Worker’ shows that new mobile solutions will help workers connect to fresh job opportunities, improved working conditions and secure of delivery of wages using mobile money transfer services. read more

Kenyan farmers reap the benefits of technology

“A number of apps and cellphone-based programmes are being developed to help small-scale Kenyan farmers increase their agricultural skills and yields.”

Innovation in agricultural IT is concentrated in two areas. The first is delivering via mobile phones information such as market prices and tips to improve crop and animal husbandry. The second is extension of financial services, such as M-Pesa’s mobile money system. While these innovations have greatly improved access to market information and financial services, there remains a massive gap in improving access to markets once the crops are harvested read more

Mobile Internet Survey reveals heavy usage, high expectations

Analysys Mason recently conducted primary research with mobile Internet users in six countries in the Middle East and Africa (MEA): Egypt, Kenya, Nigeria, Saudi Arabia, South Africa and the UAE. They were asked about their Internet access, decision criteria for selecting operators and handsets, and their usage of over-the-top (OTT) services and other apps. The survey was conducted during November 2012–January 2013, in association with On Device Research. read more