Category: Mobile Money

A Board Governance Playbook : When a Private Company Becomes Critical National Infrastructure

Boards of companies that operate at national scale payment platforms, dominant mobile networks, carrier-neutral data centres need to ask a different set of questions than they currently do. The standard governance framework asks about uptime, cyber risk, and compliance. When you become nationally critical, the questions become sharper.
a private system becomes nationally critical when its failure stops being a company incident and starts being a country incident.
You know you are there when an outage affects multiple sectors simultaneously. When regulators convene industry players in emergency mode. When business continuity is no longer an internal SLA conversation, but a public-interest question.
Examples of private-sector operators that often meet this criteria
This is not a claim that any specific firm has been formally designated as critical infrastructure. It is a practical observation: in many African markets, the private operators below often meet the criteria because of scale, substitutability, cross-sector dependency, and the speed at which disruption becomes a public-interest issue.
1. Subsea cable systems, landing operators, and international capacity providers (private)
Why they often qualify: multi-country spillover, limited short-term substitutes, long repair timelines. (internetsociety.org)
2. Real-time payment platforms operated by private, industry-owned operators
Why they often qualify: when real-time bank transfers become mainstream, they become part of the economy’s “always-on” expectation.
Kenya example: PesaLink states it is operated by Integrated Payment Services Limited (IPSL), a subsidiary of the Kenya Bankers Association, providing 24/7 365 real-time payments for the banking industry. (pesalink.co.ke)
3. Dominant mobile network operators and mobile money platforms (private)
Why they often qualify: network effects + everyday commerce dependence; disruptions immediately affect households, merchants, and service delivery (which is why downtime starts to look like utility maintenance). (the-star.co.ke)
4. Large carrier-neutral data centres hosting essential workloads (private)
Why they often qualify: as regulated and public-interest workloads concentrate into a small number of facilities, continuity risk concentrates too—making resilience and disclosure expectations inevitable.

What event turns us from a national champion into a national risk overnight? If regulators asked for proof of our recovery capability tomorrow, could we provide it cleanly with test results, audit trails, and a dependency map? Do our supplier contracts contain the reporting and recovery responsibilities we would need to honour our obligations to the country? Have we tested recovery under realistic conditions, or only documented it?
The operators who are asking these questions proactively building what might be called an assurance pack, a national incident operating mode, and realistic exit readiness before they are forced to are the ones who will shape how regulation lands. The ones who wait will be regulated reactively, in the aftermath of the next incident, with less influence over the design of what follows.
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A Mobile Money CEO Takes Over Retail? What Is Absa Actually Doing ?

One of the ways I tend to deduce the strategy of an organization is to observe who they hire, so when Absa Group appointed Sitoyo Lopokoiyit, CEO of M-PESA Africa, to lead its Personal and Private Banking operations across the continent, effective April 1, 2026. a continental role spanning both personal and private banking. And hiring someone who built Africa’s largest everyday, money ecosystem rather than a traditional banker signals something fundamental: retail banking in Africa is being re, architected around daily transaction flows, not product, led strategies. I was intrigued about what that meant for Absa strategic direction .

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What Airtel Money’s Comeback against M-Pesa in Kenya teaches about Challenging Market Giants

What Airtel Money’s Comeback against M-Pesa in Kenya teaches about Challenging Market Giants
For years, Safaricom’s M-Pesa was the immovable force in Kenya’s mobile money market. It dominated not only customer wallets but also public imagination, with over 90% market share and a network so vast it became synonymous with mobile money itself.
But quietly—and strategically—Airtel Money has staged a comeback. It didn’t happen overnight, and it didn’t happen by mimicking M-Pesa’s dominance. Instead, it was a masterclass in what challenger telcos can do right when facing a Goliath.
Kenya’s story offers rich lessons—and data—to learn from.

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Decoupling SIM Cards from Mobile Money: A Critical Path for Smaller Operators to Compete?

Decoupling SIM Cards from Mobile Money: A Critical Path for Smaller Operators to Compete?
In many African markets, including Ghana and Kenya, mobile money remains tightly coupled to SIM card ownership. Your phone number is your wallet. While this integration worked brilliantly to drive initial adoption, it has also cemented the dominance of major telecom providers who control both mobile connectivity and financial access.
But what if we rethought this model? What if smaller mobile money operators could decouple SIM registration from mobile wallet ownership — allowing customers to use their services without first becoming phone service subscribers?

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The State of Mobile Money in Africa 2024,it’s evolving use cases and a couple of tough questions

The “GSMA State of the Industry Report on Mobile Money 2024” underscores mobile money’s critical role in global financial inclusion, notably in Sub-Saharan Africa with 548 million accounts driving significant GDP growth. West Africa’s boom in mobile money, spurred by innovative regulations and non-MNO services, contrasts with East Africa’s MNO-led model. Use cases are expanding beyond transactions to remittances and merchant payments, fueling economic development. Technological advances and regulation prompt this sector’s promising future, offering transformative potential especially in underbanked regions.

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