Buy custom The Cellphone: Means of Communicating and Banking?
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| Topic: |
Religion
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| Number of pages / Number of words: |
3 / 797 |
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In places where the grey economy flourishes, 'filling in' for missing services, there is no shortage of people willing to buy that airtime, so it can be easily converted back to cash (at a price, of course). There are initiatives in countries such as Kenya and South Africa working to capitalize on this gap in the market by providing payment services matched to the needs of the poor and unbanked...
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There are initiatives in countries such as Kenya and South Africa working to capitalize on this gap in the market by providing payment services matched to the needs of the poor and unbanked. Developing a secure SIM toolkit-based service to implement P2P (phone to phone!) transfers for one of them, and it works well, so it is not surprising that many African operators are looking at future possibilities in this area
What's going on in Africa may have wider implications for how people and governments view money and payments...
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