In this video, Brian Richardson – Managing Director, WIZZIT, South Africa, shares his views on the scope of m-banking in South Africa along with the challenges ahead for this model of banking. Highlighting the basic advantages m-banking brings to the unbanked: accessibility, affordability and availability, Brian talks about WIZZIT’s mission to provide not only transactional benefits but other services to the unbanked such as savings, loan etc. Further, he talks about the challenges WIZZIT faced was to create credibility and trust in a new brand. He also stressed the need for regulatory framework to lend credibility to the system.

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