{"id":19533,"date":"2018-02-27T07:47:23","date_gmt":"2018-02-26T21:17:23","guid":{"rendered":"https:\/\/www.solarquotes.com.au\/blog\/?p=19533"},"modified":"2024-05-15T13:03:43","modified_gmt":"2024-05-15T03:33:43","slug":"mastercard-payg-solar-mb0482","status":"publish","type":"post","link":"https:\/\/www.solarquotes.com.au\/blog\/mastercard-payg-solar-mb0482\/","title":{"rendered":"Mastercard Taps Into Pay As You Go Micro-Solar Market"},"content":{"rendered":"
\"Mastercard

Solar panel image: plonk66<\/a><\/p><\/div>\n

Mastercard and M-KOPA have partnered on a program to expand pay-as-you-go solar power access to households without mains electricity in Africa.<\/p>\n

In Sub-Saharan Africa, 625 million people lack access to mains grid power. Up until recently, these people have relied almost exclusively on fossil fuels such as kerosene for lighting, which is expensive, polluting and dangerous. Charging of handheld devices has often meant time-consuming trips to fee-based charging stations<\/a>.<\/p>\n

The rise of micro solar power systems coupled with pay-as-you go programs is changing this. Under the model, companies rent a small home system that is usually comprised of a solar panel, charge controller, battery, lights and charging points for small devices such as mobile phones. The customer uses their mobile phone1<\/a><\/sup> to make payments for the system on a regular basis.<\/p>\n

Structured correctly, the cost involved is less than what a household would be spend on kerosene, and some programs operate on a rent-to-buy basis.<\/p>\n

Yesterday, Mastercard announced it was entering this market through a partnership with M-KOPA, which is already providing pay-as-you go solar power to 3 million people in East Africa.<\/p>\n

The venture will see M-KOPA pilot Mastercard\u2019s Quick Response (QR) payment technology in Uganda. Customers will be able to make daily payments or top up their solar accounts by either using their mobile phone to scan a Quick Response (QR) code embedded on the solar equipment or by entering the merchant ID associated with the QR code into their phone. Here’s what a QR code looks like:<\/p>\n

\"SolarQuotes<\/p>\n

Some phones have QR code recognition built into their camera applications and free apps available for smart phones that don’t. A QR code can contain or be linked to all sorts of info – the above example code represents the website address of SolarQuotes<\/a>.<\/p>\n

Under the Mastercard\/M-KOPA initiative, customers won’t need to have conventional bank accounts as the program will operate using “mobile money”, where credits are purchased in advance and tied to a phone number.<\/p>\n

Assuming the pilot is successful, Mastercard and M-KOPA plan to extend the program across East Africa.<\/p>\n

\u201cWe\u2019ve proven that the pay-as-you-go solar model works in East Africa, but the off-grid market in Africa is tremendous. Our partnership with Mastercard provides the roadway for more solar services and infrastructure across the continent,\u201d said<\/a> Nick Hughes, co-founder and chief product officer, M-KOPA Solar<\/a>.<\/p><\/blockquote>\n

The cost of the entry-level M-KOPA 5 Solar Home System in Uganda, which includes an 8 watt panel, lithium battery and controller, LED lights, rechargeable torch and radio plus charging cables, works out to a deposit of around AUD $42 at current exchange rates and then 87c a day for a year, after which the customer owns the system. In other African countries where M-KOPA operates, the same system appears to be significantly cheaper. For example, in Kenya the deposit is approximately AUD $37 and then 63c a day.<\/p>\n

Such a small system mightn’t seem like much here, but it can make a world of difference to an African family without mains grid power; enhancing communications, education and business as well as making life a little more pleasant generally.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mastercard and M-KOPA have partnered on a program to expand pay-as-you-go solar power access to households without mains electricity in Africa.<\/p>\n","protected":false},"author":17,"featured_media":19534,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[678],"tags":[],"class_list":["post-19533","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-solar-battery-news","entry"],"acf":[],"yoast_head":"\nMastercard Taps Into Pay As You Go Micro-Solar Market<\/title>\n<meta name=\"description\" content=\"Mastercard and M-KOPA have partnered on a program to expand pay-as-you-go solar power access to 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While these systems may\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"The impact of off-grid solar","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/off-grid-solar-impact.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/off-grid-solar-impact.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/off-grid-solar-impact.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/07\/off-grid-solar-impact.png?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":4228,"url":"https:\/\/www.solarquotes.com.au\/blog\/micro-inverters-battery-backup-compatible\/","url_meta":{"origin":19533,"position":2},"title":"Are micro inverters & battery backup compatible?","author":"Finn Peacock","date":"November 5, 2014","format":false,"excerpt":"Can you use a micro inverter off grid? Or even for grid connect with batteries? With the growth in the use of micro inverters, I'm starting to get more and more emails asking: can micro inverters be used in off grid (or hybrid) solar power systems? The short answer is\u2026","rel":"","context":"In "Battery Storage"","block_context":{"text":"Battery Storage","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/battery-storage\/"},"img":{"alt_text":"3 microinverters and 2 batteries","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/11\/microinverters-battery-backup.jpg?resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/11\/microinverters-battery-backup.jpg?resize=350%2C200 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2014\/11\/microinverters-battery-backup.jpg?resize=525%2C300 1.5x"},"classes":[]},{"id":26773,"url":"https:\/\/www.solarquotes.com.au\/blog\/rec-solar-villages-mb0878\/","url_meta":{"origin":19533,"position":3},"title":"A Little Solar Power Can Go A Long Way","author":"Michael Bloch","date":"December 27, 2018","format":false,"excerpt":"A few dozen solar panels have made a significant positive difference in a number of remote villages in the Ladakh and Zanskar regions of India. Recently reporting on an initiative at the United Nations Global Climate Summit in Katowice, Poland, solar panel manufacture REC states the project was carried out\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar power in remote villages","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/rec-solar-villages.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/rec-solar-villages.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/rec-solar-villages.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/12\/rec-solar-villages.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":19521,"url":"https:\/\/www.solarquotes.com.au\/blog\/stockland-solar-power-installation-mb0481\/","url_meta":{"origin":19533,"position":4},"title":"Installation Of Australian Shopping Centre’s Monster Solar Project Begins","author":"Michael Bloch","date":"February 27, 2018","format":false,"excerpt":"Installation work on a huge commercial solar power system has commenced at Stockland Green Hills in New South Wales - and electric vehicle chargers are also on their way. Part of the East Maitland shopping centre's $414 million redevelopment, the 1.863 MW rooftop system made up of 5,480 solar panels\u2026","rel":"","context":"In "Commercial Solar"","block_context":{"text":"Commercial Solar","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/commercial-solar\/"},"img":{"alt_text":"Stockland solar panels installation","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/stockland-solar-panels.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/stockland-solar-panels.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/stockland-solar-panels.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2018\/02\/stockland-solar-panels.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":16639,"url":"https:\/\/www.solarquotes.com.au\/blog\/solar-rickshaw-india-mb0297\/","url_meta":{"origin":19533,"position":5},"title":"Solar Powered E- Rickshaws Part Of India’s Air Pollution Solution","author":"Michael Bloch","date":"November 13, 2017","format":false,"excerpt":"It's hoped solar energy technology will help power a switch in India from particulate belching auto-rickshaws to zero emissions electric models. As we mentioned last week, India's capital Delhi is in the grips of an air pollution emergency. The situation is at a stage that officials are reportedly planning to\u2026","rel":"","context":"In "General Solar & Storage News"","block_context":{"text":"General Solar & Storage News","link":"https:\/\/www.solarquotes.com.au\/blog\/category\/solar-battery-news\/"},"img":{"alt_text":"Solar powered electric rickshaw","src":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/solar-electric-rickshaw.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/solar-electric-rickshaw.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/solar-electric-rickshaw.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.solarquotes.com.au\/blog\/wp-content\/uploads\/2017\/11\/solar-electric-rickshaw.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/19533","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/users\/17"}],"replies":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/comments?post=19533"}],"version-history":[{"count":6,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/19533\/revisions"}],"predecessor-version":[{"id":83567,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/posts\/19533\/revisions\/83567"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media\/19534"}],"wp:attachment":[{"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/media?parent=19533"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/categories?post=19533"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.solarquotes.com.au\/blog\/wp-json\/wp\/v2\/tags?post=19533"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}