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 Solaris Offgrid :

Solaris Offgrid supports distributors of essential services to build strong customer traction and greater relations with investors through flexible and inclusive Paygo solutions, designed for last-mile operations. Adopting a bottom up approach in the design of its solutions and creating synergies with a strong network of partners to solve last-mile challenges, the company has already deployed Paygo solutions in more than 30 countries through PaygOps, Solaris Offgrid in-house software solution built “In the Field, for the Field” and its product development services. Leading reference in the off-grid solar market, PaygOps, is engineered to deliver modular and interoperable solutions to address off-grid energy access challenges and distribution complexity. For more information on PaygOps, please contact [email protected].