In the media

April 2013

Visa Study Reveals Opportunity to Grow Consumer Awareness of Mobile Money in Nigeria

Visa announces the Nigeria findings from the Mobile Money Study it launched in October 2012, which reveal the market's potential to lead the world. Despite the staggering market potential the study reveals that only 35 per cent of respondents are aware of mobile money versus an average of 56 per cent across all six of the emerging markets surveyed.

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Visa study reveals benefits of consumer awareness on Mobile Money growth in Nigeria
The Guardian Nigeria – 24th April 2013

Raising mobile money awareness will bear fruit in Nigeria
Developing Telecoms - 23rd April 2013




Visa Study Reveals High Consumer Awareness of Mobile Money in Ghana

Visa announces the Ghana findings from the Mobile Money Study it launched in October 2012, which demonstrate that 93% of Ghanaians are aware of mobile money. According to the study, 88% of respondents in Ghana cited "safety of not having to carry around a lot of cash" as the primary benefit of mobile money.

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Visa: 93% of Ghanaians aware of mobile money
Mobile Money Africa – 24th April 2013

Ghana one of the leading mobile money markets worldwide
Guardian Web – 22nd April 2013

Monet Contracts with Fundamo to Offer Shared Mobile Money Solutions in Pakistan
ProPakistani, 14th March 2013

Bank Alfalah, Warid launch mobile banking solution
The Express Tribune, 14th March 2013




Fundamo wins Best Mobile Payment Product of the Year at The Card and ePayment Africa Awards (Word)
Cape Town, South Africa - 22nd March 2013

Fundamo, a Visa Inc. company and a leading specialist mobile financial service provider, today announced that its Enterprise Edition Platform has won the Best Mobile Payment Product of the Year at The Card and ePayment Africa Awards 2013.

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Raising the bar on agricultural innovation
This is Africa - 8th January 2013

This is Africa explores the importance of technology in improving agricultural activity in emerging markets. Gavin Krugel outlines how mobile payments are being used by people in rural areas to receive payments, as start-up capital for their agricultural businesses and even for crop insurance.

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Mobile devices become banks, libraries and enterprises in emerging markets
Globl Telecoms Business - 15th February 2012

In this article about wireless technology applications in lower income, developing markets, Hannes van Rensburg shares his views on mobile finance as a convenient and secure payment method for communities that lack a traditional banking infrastructure.

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Mobile transfers
CommsMEA - March 2012

CommsMEA interviews Gavin Krugel on the opportunity for mobile operators to provide financial services to the underbanked. Gavin discusses best practices including deployment strategies, effective partnerships, distribution channels and how to deliver on-going success.

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'40 Under 40' list for third year running (Word)
Cape Town - 2nd April 2012

Today Fundamo, a Visa company, announced that its chief customer strategy officer, Gavin Krugel, has been recognised on the Global Telecoms Business' '40 Under 40' list. The list celebrates the achievements of young professionals who are demonstrating market leading and visionary abilities in the telecoms industry.

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Smart money banks on Africa (PDF)
FT: This is Africa - 2nd April 2012

Wendy Aktins reports on the uphill battle that Africa has faced in cutting the number of unbanked citizens. Aletha Ling reveals the importance of mobile financial services to economic growth and discusses the impact that these services have on the national economy.

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May 2012

Mobile Money turns ten in developing economies
Various publications – May 2012

In 2002, Celpay and Fundamo launched the first mobile financial service in a developing economy, since then, the industry has banked more than 100 million people. As the community celebrates a decade of banking the unbanked, Fundamo looks to the future and the challenges that must be met in order to continue this astonishing success.

Mobile money turns 10
Telecoms.com - 11th May 2012

Mobile Financial Services Community Celebrates 10 Years of Banking the Unbanked
Smart Card News Online - 10th May 2012

Mobile payments for unbanked celebrates 10 years
Lafferty Group - 10th May 2012

10 years of banking the unbanked
Total Telecom - 9th May 2012

First decade celebrated by pioneering mobile financial service
Communications Africa – 28th May 2012

July 2012

Visa's van Rensburg reflects on global m-payments growth (PDF)
VRL Financial News - 11th July 2012

Duygu Tavan from VRL Financial News asks Hannes van Rensburg for his views on recent developments in the mobile financial services market and the challenges it is currently facing. Hannes also shares details on Fundamo's growth and discusses the benefits of being a Visa company.




'Stress is an essential ingredient for growth,' says mobile money pioneer
How we made it in Africa – 10th July 2012

In this interview with Hannes van Rensburg, How we made it in Africa's Kate Douglas finds out more about Hannes as a person and businessman, investigates Fundamo's background, recent developments in the company, the acquisition, and how Hannes feels about becoming a Visa company.

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August 2012

Waking up mobile money's missing user base
Mobile World Live – 6th August 2012

In this article for Mobile Money Live, Hannes van Rensburg discusses the key issue now facing mobile financial service providers, a lack of active users. He shares his views on why activation is critical and how providers can address the challenge of improving it.

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September 2012

FirstBank Launches Mobile Money Service
Various publications - 19th September 2012

FirstBank, the number one bank brand in Nigeria, launches 'FirstMonie', a mobile financial service. Powered by Fundamo, the service aims to ensure that the Nigerian population, the vast majority of which are unbanked and underbanked, are able to benefit from superior financial services.

FirstBank rolls out mobile money service
Business Day – 20th September 2012

First Bank unveils mobile money service
Punch – 20th September 2012

First Bank boosts mobile banking with First Monie
The Citizen – 20th September 2012

Local Money Transfer Made Easy! FirstBank Nigeria Launches its Mobile Money Service, FirstMonie
Bella Naya – 19th September 2012

FirstBank launches mobile money platform, to raise branch network to 700
WorldStage – 19th September 2012

FirstBank launches mobile money platform, to raise branch network to 700
Mobile-financial.com – 19th September 2012

Firstbank rolls out mobile money service
Proshare – 19th September 2012

October 2012

Phones help level playing field for the 'unbanked'
The Financial Times – 17th October 2012

In this article focused on the benefits of mobile phones in helping to bank the unbanked, Hannes van Rensburg explains how mobile financial services benefit from being able to use local agents, such as shop keepers or small businesses, instead of traditional branches, allowing a greater number of people access to traditional banking systems.

Read more

Visa Study Reveals Mobile Money Drives Demand for Financial Services
Various publications - 23rd October 2012

Visa and Fundamo announce the results of a study, which reveals the needs and expectations of mobile financial services among nearly 2,500 consumers, mobile money agents, and merchants in six emerging markets.

Users know about mobile banking, but take-up is patchy outside East Africa (pdf)
Global Telecoms Business – Nov/Dec 2012

Study reveals mobile money drives demand for financial services (pdf)
The Guardian (Nigeria) – 7th November 2012

Mobile money: interoperability barrier hinders adoption – study (pdf)
National Mirror (Nigeria) – 5th November 2012

Financial Inclusion Will Improve Quality of Life (pdf)
ThisDay (Nigeria) – 6th November 2012

Visa unveils results of global mobile money survey
ITWeb Africa – 24th October 2012

Understanding local vernacular key to success of mobile money
Telecoms.com – 23rd October 2012

Ease of use, lack of trust threaten to stifle mobile money
Total Telecom – 23rd October 2012

Naming the jar: why language is important for mobile banking
Telecom TV – 23rd October 2012

Unbanked hungry for mobile money – study
Finextra – 23rd October 2012

Speak to users in the vernacular, urges survey
Mobile Money Live/ Mobile Business Briefing – 23rd October 2012

Visa study finds banks back in mobile money race
Banking Technology – 23rd October 2012

90% consumers in 6 developing nations including India want to use mobile money services
Telecomslead.com – 23rd October 2012

Visa Study Reveals Mobile Money Drives Demand for Financial Services
The Herald Online – 23rd October 2012

Developing countries back mobile money services
Payment Eye – 23rd October 2012

90% of consumers in developing countries interested in using mobile payments services – report
The Paypers – 23rd October 2012

December 2012

Fundamo's client centric strategy (PDF)
Retail Banker International – December 2012

Meghna Mukerjee speaks to Aletha Ling about Fundamo's unique market strategy, its growth and continued success, and future plans. The article also discusses the recent research carried out by Fundamo and Visa into real markets needs for mobile money and the importance of understating the customer.

November 2012

Fundamo Reports Accelerated Mobile Financial Services Growth in Africa
Various publications - 13th November 2012

Fundamo shines a spotlight on the continued growth of mobile financial services in Africa. After another successful year, Fundamo also announces the growth of its own deployment figures, reporting a total of 27 deployments in 19 countries across Africa – three of which were launched during 2012.

Mobile money maturing in Africa
Telecoms.com – 20th November 2012

Fundamo sees mobile financial services growth in Africa
Telecompaper – 16th November 2012

Africa Leads In Mobile Financial Services – Fundamo
Ventures – 15th November 2012

Fundamo tips Nigeria mobile financial services market for phenomenal growth
Business Day Nigeria – 15th November 2012

Visa Inc: Fundamo Reports Accelerated Mobile Financial Services Growth in Africa
4 Traders – 15th November 2012

African mobile money booming
BizTech Africa – 14th November 2012

Fundamo reports mobile financial services growth
Biz Community.com – 13th November 2012

Fundamo reports mobile financial services growth
I4U News – 13th November 2012

The trend continues: mobile money services keep growing in Africa
Memeburn – 13th November 2012

October 2012

Visa Study Reveals Mobile Money Drives Demand for Financial Services
Various publications - 23rd October 2012

Visa and Fundamo announce the results of a study, which reveals the needs and expectations of mobile financial services among nearly 2,500 consumers, mobile money agents, and merchants in six emerging markets.




Users know about mobile banking, but take-up is patchy outside East Africa
Global Telecoms Business – Nov/Dec 2012
Study reveals mobile money drives demand for financial services
The Guardian (Nigeria) – 7th November 2012
Mobile money: interoperability barrier hinders adoption – study
National Mirror (Nigeria) – 5th November 2012
Financial Inclusion Will Improve Quality of Life
ThisDay (Nigeria) – 6th November 2012
Visa unveils results of global mobile money survey
ITWeb Africa – 24th October 2012
Understanding local vernacular key to success of mobile money
Telecoms.com – 23rd October 2012
Ease of use, lack of trust threaten to stifle mobile money
Total Telecom – 23rd October 2012
Naming the jar: why language is important for mobile banking
Telecom TV – 23rd October 2012
Unbanked hungry for mobile money – study
Finextra – 23rd October 2012
Speak to users in the vernacular, urges survey
Mobile Money Live/ Mobile Business Briefing – 23rd October 2012
Visa study finds banks back in mobile money race
Banking Technology – 23rd October 2012
90% consumers in 6 developing nations including India want to use mobile money services
Telecomslead.com – 23rd October 2012
Visa Study Reveals Mobile Money Drives Demand for Financial Services
The Herald Online – 23rd October 2012
Developing countries back mobile money services
Payment Eye – 23rd October 2012
90% of consumers in developing countries interested in using mobile payments services – report
The Paypers – 23rd October 2012

October 2012

Phones help level playing field for the 'unbanked'
The Financial Times – 17th October 2012

In this article focused on the benefits of mobile phones in helping to bank the unbanked, Hannes van Rensburg explains how mobile financial services benefit from being able to use local agents, such as shop keepers or small businesses, instead of traditional branches, allowing a greater number of people access to traditional banking systems.

Read more



September 2012

FirstBank Launches Mobile Money Service
Various publications - 19th September 2012

FirstBank, the number one bank brand in Nigeria, launches 'FirstMonie', a mobile financial service. Powered by Fundamo, the service aims to ensure that the Nigerian population, the vast majority of which are unbanked and underbanked, are able to benefit from superior financial services.

FirstBank rolls out mobile money service
Business Day – 20th September 2012
First Bank unveils mobile money service
Punch – 20th September 2012
First Bank boosts mobile banking with First Monie
The Citizen – 20th September 2012
Local Money Transfer Made Easy! FirstBank Nigeria Launches its Mobile Money Service, FirstMonie
Bella Naya – 19th September 2012
FirstBank launches mobile money platform, to raise branch network to 700
WorldStage – 19th September 2012
FirstBank launches mobile money platform, to raise branch network to 700
Mobile-financial.com – 19th September 2012
Firstbank rolls out mobile money service
Proshare – 19th September 2012

December 2011

Fundamo taking care of the plumbing
Lafferty - 13th December 2011

In a Q&A interview with Peter Kinahan, Hannes van Rensburg discusses a multitude of issues in the mobile financial services industry including interoperability, the adoption of services in developed markets and the relationship between banks and mobile operators.

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The Big Jump (PDF)
FStech - November/December 2011

Hannes van Rensburg speaks to FStech about the importance of educating customers in mobile banking. The article focuses on the potential that mobile has to revolutionise the customer experience in retail banking.

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November 2011

Mobile Payment gaining momentum with real services
Global Telecoms Business - 1st November 2011

Reinhart Zuba discusses the advances in m-payments, which have until now have not seen activation on a global scale due to diverging interests across industries. He looks at how conflicting agendas between financial services and mobile operators have held the industry back, but with acquisitions such as Visa-Fundamo, these boundaries are now being overcome.

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Mobile market booms in Africa, with 735 million using phones for everything from banking to mini cinemas
Daily Mail - 10th November 2011

The Daily Mail investigates the booming mobile money market in Africa, and looks at how Fundamo is taking mobile financial services out of Africa and into the Middle East, Asia and the Americas.

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Visa Introduces New Mobile Prepaid Product for Developing Countries

Visa and Fundamo launch their joint offering. Visa"s new mobile prepaid product opens the loop on mobile financial services, exposing them to the wider financial service ecosystem as a whole. The scalable, interoperable and secure prepaid offering will initially be deployed by MTN in Nigeria and Uganda before expanding across Africa and the Middle East.

Mobile prepaid account from Visa intended for the unbanked
Banking Technology - 18th November 2011

It"s all about the money, money, money
Telecoms.com "A Week in Wireless" - 18th November 2011

Visa launches open loop m-payments service
Cards International - 17th November 2011

Visa introduces mobile payments for emerging markets
IDG - 17th November 2011

Visa targets unbanked with mobile pre-paid account
Finextra - 17th November 2011

Visa launches open platform for mobile money
Africa Telecoms - 17th November 2011

Visa introduces mobile money product
Banking Business Review - 17th November 2011

Visa launches mobile prepaid with Fundamo
Lafferty Group - 19th November 2011

October 2011

Hannes van Rensburg, CEO of Fundamo, listed in the GTB Power100 2011
Mobile Money Africa - 4th October

Mobile Money Africa discusses Hannes van Rensburg"s listing in the GTB power 100, due to his successes in the mobile financial services industry over the past 10 years.

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Mobile operators and banks - the best of enemies?
Mobile World Live - 5th October

Mobile World Live talks to Bank Andara and Fundamo at the GSMA Mobile Money Summit about their joint venture in Indonesia, AndaraLink.

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Gavin Krugel joins Visa"s mobile team
Gavin Krugel joins Fundamo from the GSMA, adding his vast knowledge of the mobile financial services market to the team.

Visa adds GSMA"s Krugel to mobile money team
Finextra - 5th October

GSMA veteran joins Visa"s Fundamo m-payments unit
Banking Technology - 20th October 2011

September 2011

AndaraLink, the world"s first mobile-enabled MFI financial services network
Alain Deladrière, Banking & Finance - September 2011

Banking & Finance takes an in-depth look at the revolutionary work Bank Andara and Fundamo undertook in Indonesia to deliver the world"s first micro-finance service that is entirely powered by the mobile phone.

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Central Bank of Nigeria issues mobile money operating licenses to affiliate of Fortis Microfinance Bank, 10 other companies
Carol Kim, MicroCaptial - 7th September

Carol Kim discusses the possibility that 67% of the Nigerian population could have access to a bank account, with the announcement that Central Bank of Nigeria granting 11 companies licenses to operate mobile money schemes.

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Visa, Mastercard to dominate mobile money?
Killian Clifford, Finextra - 13th September

Killian Clifford discusses how Visa"s purchase of Fundamo grants it the opportunity to dominate mobile financial services in the developing world.

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Google Wallet launches with Visa sort of
Michelle Maisto, Connected Planet - 20th September 2011

Michelle Maisto looks at the possibility of moving away from cash to an entirely electronic payments system; referencing the acquisition of Fundamo and the licensing deal with Google, which extends the Google Wallet to Visa account holders worldwide.

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Visa seek growth in developing regions through Fundamo
Andrew Johnson, Wall Street Journal - 20th September 2011

Andrew Johnson looks at how Visa"s acquisition of Fundamo will enable Visa to build its footprint outside of saturated developed markets and into developing markets, such as Bangladesh, where it has less than 1% penetration.

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Visa looks fully-valued after Google Wallet pop
Forbes - 23rd September 2011

Forbes looks at why Visa"s shares reached a52-week high after announcements in the mobile financial services space including the acquisition of Fundamo.

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August 2011

Fortis MFB goes with Fundamo - Abuja, Nigeria
Financial Technology Africa - August 2011

An article announcing Fundamo"s selection by Fortis to power its mobile payments offering in Nigeria, following approval from the Central Bank of Nigeria.

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bKash selects Fundamo to power new mobile money service in Bangladesh
bKash selects Fundamo to power its services in Bangladesh, a market that is primed for mobile financial services hyper growth, with only 9% of the population having a bank account, but 44% owning a mobile phone.

bKash teams up with Fundamo on mobile money
Cards International - 4th August 2011

bKash mobile money service lauded as "model for Asia"
Banking & Payments Asia - 5th August 2011

bKash teams up with Fundamo on mobile banking
The Daily Star - 5th August 2011

bKash mobile money service lauded as "model for Asia"
Banking & Payments Asia - 22nd August

New alliances in mobile money as pressure builds to win deals from the banked and the unbanked

Alan Burkitt-Gray
Global Telecoms Business - 19th August 2011

Alan Burkitt-Gray investigates the explosive growth of mobile financial services in recent years. He interviews Aletha Ling and Bill Gajda on the reasoning behind the Visa acquisition, and how similar acquisitions could drive the adoption of mobile financial services.

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Tablet on the rise for business
The Independent Online - 24th August 2011

The Independent investigates the ways in which businesses use tablets. It focuses on how tablets are used for mobile banking, particularly in South Africa and references Fundamo.

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Opinion: is EMV really all good for the US?
Cards International - 26th August 2011

This article about Visa"s commitment to moving forward on EMV in the US includes reference to Visa"s acquisition of Fundamo. The author argues that banks are better off investing in the development of apps and mobile services to facilitate payments more conveniently, rather than upgrading their entire infrastructure to meet EMV specification.

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