The Future of Mobile Payment in Nigeria – #MoMoNigeria November Edition

Early this week, I received details on the November MoMo event from Mobile Monday Nigeria’s team via twitter. This month, Rancard Mobility will be returning to speak in detail about PayApp, their mobile payment platform.

PayApp is a cloud based mobile payment gateway for carrier billing, mobile payment, subscription management and micro payments connected to leading operators across Africa and the Middle East. This solution will help Mobile Network Operators (MNOs), content providers, and developers monetize their content and increase their revenue by allowing flexible ways of billing customers. It also provides analytics and reporting on transactions, making it a powerful platform for billing.

Electronic payment mechanisms have improved in the last few years due to improvements in the technology that is involved. With the emergence of payment gateways like Interswitch and E-tranzact, payments via ATM cards have increased (Interswitch claims that there are now 26 million e-payment cards out there) and this has in turn boosted sales on various e-commerce websites as well as various brick-and-mortar stores that use POS (Point of sale) machines to collect payments.

Mobile payment is the next frontier in the payment industry. It will be the redefining moment and we all have to be ready for it. Mobile payment will allow customers to send money, pay for goods and services, and pay bills and subscriptions all through mobile devices.

Aside Rancard, other industry leaders in the area of carrier billing and mobile payment will also be speaking at the event.

The November edition of MoMo Nigeria will hold on the 26th of November, 2012 at Bogobiri House, Ikoyi, Lagos from 5:30pm to 9:00pm. You do not want to miss this event because there will be a lot of insights about mobile payment that will be shared at the event. To participate, register here.

About Mobile Monday

MoMo, Mobile Monday – mobilemonday.net, is a global community of mobile industry visionaries, developers and influential’s fostering cooperation and cross-border business development through virtual and live networking events to share ideas, best practices and trends from global markets.