How can Mobile Money services improve access to essential services?

1.2 billion people in the world are still lacking affordable and safe access to electricity. While Pay-as-you-go businesses have provided critical solutions for the Bottom-of-the-Pyramid, basic access to financial services in the most remote areas remains one of the biggest challenges to improve utilities access.

Telcos have helped significantly disrupt the energy & utility industry over the past few years. In particular, the advent of mobile money really helps to foster new models and new possibilities for those businesses and help the spread of Paygo. Paygo providers themselves are driving mobile money penetration and usage, often pushing rural dwellers who didn't have access to finance before, to actually adopt the technology and use it for Paygo services.

To build a better understanding of how Paygo providers and Telcos/SMS integrators interact with one another in the deployment of Paygo solutions, we are proposing a list of interesting resources on the subject:

• Can Mobile Money Boost Financial Inclusion in Southern Africa? (Source: Yale Insights, 2019)

• 2019: The year of the telcos and mobile financial services (Source: ITProPortal, 2019)

• The Future of Africa’s Telecom Market (Source: Deloitte, 2019)

• Building The Intelligent Telco Enterprise: Growth Opportunities For African Telecoms Operators (Source: SAP, 2019)

• Mobile Money Services – A New Wave of Growth for Telcos! (Source: TCS, 2019)

• Money talks: Why Africa is leading the way in mobile pay (Source: Think Progress, 2019)

• Beyond mobile payments: Going up the value chain of fintech in Africa (Source: Brookings, 2019)

Don’t forget to watch #SolarisFieldStories Ep9, demystifying Telco integration main challenges through the testimonials of LAfricaMobile, Oolu and Solaris Offgrid.

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About PaygOps :

We empower suppliers of essential products and services with flexible, inclusive IT solutions that amplify their mission to serve the unbanked worldwide, even in the most remote areas. PaygOps seamlessly integrates with enterprise applications, payment systems (Mobile Money), and API services, enabling the smooth management of lease financing (for both Paygo and non-Paygo products) and operations across key sectors including solar, agriculture, clean cooking, access to water, e-mobility and microfinance. Designed for modularity and interoperability, PaygOps simplifies access to credit, streamlines distribution, and provides investors with critical financial data and insights.