M-Pesa: when 鈥渕obile money鈥 revolutionizes banking in Africa
Did you know鈥 that paying for a taxi ride with your mobile phone is easier in Nairobi than in Athens?
Did you know鈥 that the continent with fastest growth in 鈥渕obile money鈥 is Africa, a continent (too) often regarded as lagging behind the rest of the world?
Of the top twenty countries for mobile money usage, fifteen are indeed in Africa[1]. In 2012, the continent鈥檚 mobile market was worth more than $50聽billion, i.e. more than the total money sent via mobile in both Europe and North America[2]. M-Pesa, Kenya鈥檚 world-leading mobile-money system, played a massive role in this success.