Home Business Telecom Companies Rising As A Competitor For Banks In Africa

Telecom Companies Rising As A Competitor For Banks In Africa

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Afica's telecom companies competitors for banks

April 10, 2015: Africa’s telecom companies is rising as a competitors for banks since the number of people across Africa using mobile phones continues to grow.

Thousands of financial group across the Africa are competing with each other to sign up many customer from millions of Africa who do not have bank accounts. However, number of mobile phone companies offering financial payment services has pushed telecom companies into banking business.

With the increase of financial transactions volume on these phones,it has enabled telecom companies across the continent to set themselves up as major competitors in the banking business.

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