So, Vodacom is finally pulling the plug on their disastrous six-year attempt to roll out M-Pesa in South Africa. (The service will be shut down on June 30th 2016.)
Funny thing is, Vodacom CEO Shameel Joosub has blamed his company’s diabolical failure to meet their target of enlisting at least 10 million active users on South Africa’s relatively well-established banking industry. (By the end of 2015 they had only managed to onboard a paltry 76,000 active users.)
However, Joosub’s assertion does not sit well with our guest on this week’s episode of the African Tech Round-up— the brilliant and insightful, Dominique Collett.
Dominique knows a thing or two about what works and what doesn’t in terms of mobile money innovation on the continent. Following a successful exit at the incredibly successful fintech startup she co-founded– Tyme (acquired by the Commonwealth Bank of Australia for a rumoured ±USD30 million), Dominique has gone on to become a financial services investor and innovation architect who is now a Senior Investment Executive at Rand Merchant Insurance Holdings (RMI), as well as the Head of Alpha Code, RMI’s nippy financial services incubator/accelerator.
Listen in to this week’s discussion to hear Tefo Mohapi, Dominique and I ponder what lies ahead for Africa’s mobile money scene.
Uber Driver Partners Attacked In Johannesburg (feat. Brian Anderson)
25 MayLate last week a violent attack on two Uber partner vehicles in the Sandton Central Business District led to the injury of three police officers who attended the scene to calm things down, and also resulted in the damage of two law enforcement vehicles.
The assault on the Uber partners’ cars is said to have been carried out by a group of meter taxi drivers unhappy with Uber’s disruption of their livelihood. One man has reportedly been arrested in connection with the incident.
Meanwhile, the quiet chat I had with Brian Anderson, which is featured in this week’s African Tech Round-up in place of our regular debate segment, takes on a decidedly more civil tone. Brian is the Head of Sales and Business Development for Africa at NYSE-listed banking and payments technology firm, Fidelity National Information Services (FIS)— the company that acquired financial software company SunGuard late last year.
Listen in to hear Brian talk to me about an ambitious new platform that FIS is poised to launch to help promote financial inclusion on the continent.
And of course, Happy Africa Day to you all! Let’s keep it moving!
First published on AfricanTechRoundup.com
Tags: Africa, African, African Tech Round-up, Andile Masuku, ATRU, Bitcoin, Bond Notes, Brian Anderson, Business and Economy, Comment, Currency, Debate, Digital, Discussion, fintech, FIS, Innovation, Kenya, News, Nigeria, Podcast, Sandton, South Africa, stokvel, Tawanda Kembo, Tech, Technology, Tefo Mohapi, Uber, Zimbabwe