With rapid smartphone penetration in South Africa boosting research and development, it is no surprise that local fintech players are turning their attention towards mobile payment innovation. Mobile payments could be very lucrative in the local market, as elsewhere, but this potential remains largely untapped. We believe that banks and other financial service providers have a great deal to gain from offering secure mobile payments to consumers eager for no-fuss solutions. With this in mind, there are several trends shaping the design and development of mobile payment solutions today – all aiming to attract increasingly demanding and tech savvy consumers. Those in mobile payments are also reimagining the shopping experience.

Source: The North Africa Journal March 03, 2017 11:21 UTC