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MONDATO INSIGHT SEPTEMBER 19, 2018
SMARTPHONES: THE FUTURE OF AFRICAN URBAN PLANNING?

Humanity faces the mammoth task of adding over 2 billion people to the urban population before 2050. The impacts of this growth have been compared to the Industrial Revolution, and Africa will confront these challenges more so than any other region. For African cities today, this represents an opportunity to capture the historical wealth premium associated with urbanization, or suffer the consequences of urbanization without growth. Against the backdrop of what many call the Fourth Industrial Revolution, associated with the disruption brought by the convergence of digital technologies, this week’s Mondato asks, what clues do urbanization trends in mobile money hotspots provide for successful growth strategies, financial inclusion imperatives and the DFC ecosystem? Read More...
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WHAT WE ARE READING...
Why MFIs Will (Finally) Crack The Solar Market
We have long hoped that microfinance would hold the key to unlocking access to energy for low-income households. Until now, we have been largely disappointed. Now, in partnership with pay-as-you-go (PAYGo) solar providers, that hope may finally become reality. READ MORE...

Mastercard Unveils Global Trade Platform
Mastercard has launched a global trade platform that is designed to streamline and automate the procure-to-pay process for companies around the world. READ MORE...

Fintech Firm JUMO Raises $52m In Goldman-Led Round For Asia Expansion
To date, the South African fintech startup has attracted 120 million mobile users to its platform. It has originated over $700 million in loans and manages over 25 million customer interactions per month. READ MORE...

Somalia Could Challenge Kenya’s Mobile Money Dominance
A World Bank report suggests that Somalia could emerge as the biggest mobile money market in Africa, with the number of mobile money transactions surpassing that of Kenya. READ MORE...

RBS Trialing Two Standalone Digital Banks Under NatWest Brand
RBS is trialing both a standalone banking platform aimed at business banking clients and a separate digital NatWest retail bank that would serve everyday customers. READ MORE...
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