Do you remember your first mobile phone?
No matter your age, whether you are a tech-savvy millennial or sedate Babyboomer, the feeling of connection, freedom, and a whole new world of possibilities opening up – all from a little black box inside your pocket – is hard to forget.
The world’s first mobile phone call was made in 1973 when Martin Cooper, a senior engineer at Motorola, phoned a rival telecommunications company on April 3, to tell them he was speaking via mobile.
And the world has never looked back.
When did the mobile phone first come to Africa? How has the growth and penetration been?
The first mobile phones were huge and bulky, used strictly to make communication faster and more convenient.
Not just improving the way we connect, but also providing useful services.
Who would have thought from the heady days of 1973 that we would now be using our phones to check the weather, watch TV, or get a loan approved?
This opened a wealth of new opportunities for tech companies.
MODE’s Airtime Credit Service (ACS) provides credit to prepaid mobile phone users, allowing them to keep using their phone even when they’re run out of prepaid airtime. The money is repaid from their next mobile top up.
MODE’s Nano facilitates Banks and other Financial Institutions to provide small size and safe loans to the largely underbanked segment.
MODE determines the amount of credit each user qualifies for based on a range of criteria. Users can access airtime as many times as necessary – as long as previous airtime advances have been repaid.
This is just one of the ways Fintech developments in Africa are helping to change the lives of millions of mobile phone users.
If you’d like to find out more, come and see us at the New Age Banking Summit in Lagos from 26-27 September.
MODE at “The Women In Tech” Conference
MODE was honoured to be represented at the African Women in Technology conference, held at the Chandaria Business and incubation centre. It ran from the 21st -22nd July 2016. While spotlighting influential leaders in tech innovation, creativity, and leadership, attendees also had an opportunity to have their questions discussed in an open forum. The event […]
MODE at the Youth+ Africa Conference
MODE was proud to be at the Youth+ Nairobi conference held on the 22nd to 24th of June 2016. This is a 3-day conference that brings together young leaders and social entrepreneurs across Nairobi City County. The conference aims to build the young leaders’ and entrepreneurs’ capacity for successful implementation of social enterprises in various […]
Shining Hope for the Community
It is said that we make a living by what we get but we make a life by what we give. We believe in using what we have to change lives because giving is at the heart of MODE’s culture and has been practiced over the years in several ways.
MODE Student Sponsorship Program
At MODE, we believe in Giving Back to Society as well as Mentorship. We strongly believe that Mentorship is the key to success. Over the years, we have realized that all someone needs is a chance to succeed.
MODE and Strathmore University to support career development
MODE and Strathmore University signed an MOU to establish a framework of collaboration in internship and career development for students. Strathmore University is a leading University in the region, whose mission is to provide all-round quality education in an atmosphere of freedom and responsibility excellence in teaching, research and scholarship ethical and social development and […]