Our second installment of briefs on cellphone usage in South African townships, based on our April 2012 data, looks specifically at mobile banking and mobile money services.
25% of the 1008 surveyed township residents use their cellphones for accessing their bank accounts or sending money to other cellphone users via mobile money services. Accordingly, 84% of respondents have a bank account and 16% have a mobile money account with FNB eWallet, M-Pesa, MTN Mobile Money or WIZZIT. However, only 9% of those with a bank account have accessed it via cellphone in the last 2 weeks, and 8% of all respondents have ever sent money using one of the mobile money service providers.

The most active mobile banking users are among the better-off respondents (LSM 8-10, n=194), of which 43% claim to access their bank accounts via their cellphones or send money using one of the established mobile money service providers. In comparison 23% of members of the LSM 6-7 bracket (n=563) and 16% of the LSM 4-5 bracket (n=174) say that they are using mobile banking and mobile money services.

The levels of awareness of the individual mobile money services differ significantly. 58% of respondents have heard of FNB eWallet which was launched in 2009 by FNB. 57% know M-Pesa, offshoot of the Kenyan success story locally managed by Vodacom in partnership with Nedbank. 38% are aware of MTN Mobile Money which has recently been purchased by Standard Bank. 12% are familiar with WIZZIT which was launched already in 2004 as a division of the South African Bank of Athens and which has a partnership with ABSA and the South African Post Office. It is noteworthy that only FNB eWallet and M-Pesa do not require the recipients of money transfers to be members of the service prior to the transaction.

Subscription rates are generally low and mirror the variations in levels of awareness. 8% of respondents say that they have an account with FNB eWallet, 7% with M-Pesa, 2% with MTN Mobile Money and 1% with WIZZIT.
While traditional bank accounts are far more prevalent (84%), membership levels also differ significantly. The most popular bank is Standard Bank, where 31% of banked respondents (n=832) claim to have an account. This is followed by ABSA, Capitec and FNB, all at 24%. Nedbank comes in at the fifth spot with 14%.
Despite the low subscription rates to mobile money services, especially compared to other markets in Africa such as Kenya, there are signs for a positive trend in the future: 25% of respondents who do not have a mobile money account yet (n=820) are planning to subscribe to one in the next 3 months.
A full report with more data on cellphone usage and mobile banking can be obtained from ikapadata. Please find the full questionnaire below.
QUESTIONNAIRE
All our datasets come with full demographics of respondents including Gender, Age, LSM (including all individual LSM variables), Language, Residency, Education and Occupation.
Do you have a cellphone? (Yes/No)
What make of phone do you use?
- Apple
- BlackBerry (RIM)
- HTC
- Huawei
- LG
- Motorola
- Nokia
- Samsung
- Sony Ericsson
- Vodafone
- Other…
What model is your phone?
What do you use your cellphone for?
- Phone calls
- SMS
- Browsing the Web
- MXit
- Cellphone Banking
- Sending Money (Mobile Money)
- Prize Competitions (SMS)
- SMS services (charged)
- Other…
How much money do you spend on cellphone airtime per month? (Rand)
Have you ever heard of M-Pesa? (Yes/No)
Do you have a M-Pesa account? (Yes/No)
Have you ever used M-Pesa to send money to someone else’s cellphone? (Yes/No)
Have you ever used M-Pesa to buy airtime? (Yes/No)
Have you ever heard of FNB eWallet? (Yes/No)
Do you have a FNB eWallet account? (Yes/No)
Have you ever used your FNB eWallet to send money to someone else’s cellphone? (Yes/No)
Have you ever used your FNB eWallet to buy airtime? (Yes/No)
Have you ever used your FNB eWallet to pay at a PEP store? (Yes/No)
Have you ever heard of MTN Mobile Money? (Yes/No)
Do you have a MTN Mobile Money account? (Yes/No)
Have you ever used MTN Mobile Money to send money to someone else’s cellphone? (Yes/No)
Have you ever used MTN Mobile Money to buy airtime? (Yes/No)
Have you ever heard of WIZZIT? (Yes/No)
Do you have a WIZZIT account? (Yes/No)
Have you ever used WIZZIT to send money to someone else’s cellphone? (Yes/No)
Have you ever used WIZZIT to buy airtime? (Yes/No)
Are you planning to subscribe to a mobile money service provider in the next three months? (Yes/No)
Have you ever heard of MXit Moola? (Yes/No)
Do you have a MXit account? (Yes/No)
Do you ever buy MXit Moola? (Yes/No)
How much money do you spend on MXit Moola per month? (Rand)
Do you have a bank account? (Yes/No)
With which bank(s) do you have a bank account?
- Absa
- Capitec
- FNB
- Nedbank
- Standard Bank
- Other…
Did you access your bank account(s) during the last two weeks? (Yes/No)
How did you access your bank account(s) during the last two weeks?
- Teller
- ATM
- Mobile Phone
- Internet
- Telephone









