Seven years ago, Kenyans got access to something that American companies are still trying to figure out—easy, fast, and cheap mobile money transfers. (Seriously, why am I still writing paper checks in 2014?) M-Pesa allows any Kenyan with a cell phone to withdraw, deposit, and transfer money between accounts via basic text messages. No smartphone app, much less a smartphone itself, is required.
The electronic money can be converted into physical Kenyan shillings when a person takes a received code to one of thousands of agents nationwide. The system has been a runaway success in East Africa and has expanded to South Africa, India, and Afghanistan, and more recently to Egypt, India, Lesotho, and Mozambique.
http://arstechnica.com/business/2014/03/sms-powered-money-transfer-system-arrives-in-europe/
via #MagnifyWP
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The electronic money can be converted into physical Kenyan shillings when a person takes a received code to one of thousands of agents nationwide. The system has been a runaway success in East Africa and has expanded to South Africa, India, and Afghanistan, and more recently to Egypt, India, Lesotho, and Mozambique.
http://arstechnica.com/business/2014/03/sms-powered-money-transfer-system-arrives-in-europe/
via #MagnifyWP
Εστάλη από το Windows Phone μου
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