The event comes as MMT Africa professionals reveal interesting trends in the mobile industry. MMT Africa project director Andrea Monteiro says while mobile money transfer is becoming increasingly important as a revenue generating activity for companies, hick-ups with financial regulators are still a cause for concern.

”More than 75% of those polled said mobile money services had become more important for their companies while more than 55% said MMT had become significantly more important as a source of revenue,” Andrea Monteiro, said.

However, the survey also highlights that the lack of education amongst consumers about the use of MMT technology was a still a concern, according to Andrea.

Among those polled on how advanced customer awareness was, more than 30% of those polled said it was very poor, 25% moderate and just over 30% thought it was advanced.

“Awareness, use and knowledge of mobile money services - even though Africa is home to some of the world's pioneering mobile money initiatives - is still one of the key challenges in educating people about the benefits of mobile money and encouraging service uptake and usage,” she said.