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As stiff competition eats into voice revenue for Africa's mobile operators, Bharti Airtel has moved to provide banking services in a bid to increase revenue. In order to facilitate the development of innovative mobile financial services focused on customers who do not have full access to banks, Airtel has partnered with Ecobank Transnational in 14 African countries in which both companies have a presence.


The revenue to be made by mobile money operators in Africa, as a percentage of total operator revenue, will continue to rise to more than five percent in 2015 and account for $3 billion, according to a new report. Mobile Money in Africa: A Big Revenue Opportunity for Network Operators by Pyramid Research outlines the current demand for mMoney services and the potential benefits that it could bring for African operators and vendors with an eye on replicating M-Pesa’s success.