Tuesday, May 1, 2012

Mobile money in Africa (from the Economist)

Mobile money in Africa

One business where the poorest continent is miles ahead

MANY people know that “mobile money”—financial transactions on mobile phones—has taken off in Africa. How far it has gone, though, still comes as a bit of a shock. Three-quarters of the countries that use mobile money most frequently are in Africa, and mobile banking in some of them has reached extraordinary levels.

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