Mobile money users jump four fold

Monday, May 12, 2014

Orange was the first in launching mobile money services in Botswana

The number of mobile money service users in Botswana has increased by 300 percent since 2011. By end of March, an additional 70,000 users were registered, taking the figure to 283,000.

A statement from the Ministry of Transport and Communications noted that the mobile money market has also grown substantially over the years such that, “un-banked persons can now receive and send money at their own convenience”.

Mobile money allows cash to move as fast as a Short Message Service (SMS), with the customer of a particular mobile operator, registering for the service and depositing the money with any approved vendor/agent of that operator.

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Mobile money users jump four fold

The number of mobile money service users in Botswana has increased by 300 percent since 2011. By end of March, an additional 70,000 users were registered, taking the figure to 283,000.