Tuesday, April 16, 2013

Mobile money use in Africa results in increased revenue for utility companies

An Oxford University study has revealed how the use mobile technology in Africa has dramatically increased the amount of money that water utility companies actually receive from the customers they bill.

According to World Bank data, water utility companies across Africa had been losing around US $500 million a year due to ineffective billing and petty corruption.

The study shows how the amount paid by customers in Tanzania rose by between 5 percent and 69 percent in 2011 after mobile

More details here...

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