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Mobile Money Stock Trading Africa: When Telcos Turn 500M Users Into Investors
Safaricom turned stock trading into a mobile money feature. MTN Nigeria followed with a USSD code that lets you check stock holdings from a Nokia 3310.
While traditional brokerages spent decades keeping Africans OUT of capital markets with high fees and red tape, telcos did the opposite; they gave 1.1 billion Africans mobile wallets. Now they're turning those wallets into brokerage accounts. But should Should Telcos turn their 500 million active mobile wallet users into stoc

Les Africanistes
Nov 214 min read
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