The Installed Base of Prepaid Electric Meters is Expected to Exceed 85 Million by 2024, According to Navigant Research
The market for prepaid electric metering is steadily gaining ground, due to the spread of smart metering technology and growing acceptance of the idea of prepaying for services. Paying in advance for electricity not only helps utilities improve their cash flow and reduce their delinquent payments, but also can help consumers better manage their budgets and, in some cases, reduce their energy consumption.[more...]
Over the last 10 years, South Africa has increased the number of households with electricity by 50% to 12.7 million. The vast majority of these new connections are prepaid and the total penetration for prepaid electric now stands at almost 80% of households.
There are 2 billion people around the world using smartphones that have an internet connection and a touchscreen or something similar as an interface. By the end of the decade that number looks set to double to just over 4 billion, according to Benedict Evans of Andreessen Horowitz, a venture-capital firm.