Digital banking boosts financial inclusion, new business models in Africa
CIO Business Intelligence
APRIL 7, 2022
It was introduced by Safaricom, a Kenyan telecommunications company associated with Vodafone, in 2007 as a phone-based payment scheme where users can transform messages into cash at authorized shops and agents across the country. The most famous provider of mobile money is Kenya’s M-Pesa (M for mobile and “pesa” for money in Swahili).
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