Absa’s chat-banking service, which uses WhatsApp, is doing ‘really well’, the bank says
Facebook is in talks with financial institutions about possible mobile-payment collaborations in Africa, says Carolyn Everson, a vice-president at the social networking group.
Everson said Facebook would consider other similar products following this “break-through case study”. “Mobile money is arguably one of the most exciting opportunities, given the number of unbanked citizens on the continent. We’re also seeing that the telco and fintech industries are starting to blend – more here in Africa than I see anywhere else in the world,” Everson said.
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