Tag: World Wide Worx

Future of African banking is mobile

Future of African banking is mobile

Business, Internet, Mobile
“In the next three to five years the vast majority of our transactions will be performed on smart-mobile devices.” Retail banking is experiencing a seismic shift in customer behaviour thanks to the digital revolution that continues to effect fundamental changes in the way businesses and individuals transact. Nowhere is this metamorphosis in customer behaviour more profound than in Africa. While much has been written about the rise of Africa’s middle class, which is expected to reach half a billion people by 2030, less is known about the extraordinary growth in mobile and broadband penetration on the continent. An Ericsson Mobility report shows that mobile subscriptions in sub-Saharan Africa will rise to 930 million by the end of 2019, from 635 million at the end of 2014. To put that gr

Nigeria to overtake SA to become Africa’s cloud computing powerhouse

Broadband, Internet
Nigeria is set to overtake South Africa to become the cloud computing powerhouse of the continent, according to research by Arthur Goldstuck of World Wide Worx. Goldstuck, speaking at a Cisco briefing at the AfricaCom conference in Cape Town on Wednesday, explained that he has come to this conclusion owing to “dipstick” research done with 50 medium and large businesses in Kenya, Nigeria and South Africa regarding these countries’ cloud computing adoption. A key finding of the research -- which is dubbed ‘Cloud in Africa: Reality check 2013’ -- includes that almost three quarters of companies in all these countries combined plan to use cloud computing next year. In 2013, 50% of companies in South Africa have adopted cloud services, 48% in Kenya and just 36% in Nigeria, according to Gol