“We have over seven million customers who have registered for M-PESA … Our average transaction is actually less than $40 [£24] – this is the kind of customer we are addressing … But in total we are moving in excess of $8.5m per day.” – Pauline Vaughan, Head of M-PESA, Safaricom
Millions of Africans are using mobile phones to pay bills, move cash, and buy basic everyday items. So why has a form of banking that has proved a dead duck in the West been such a hit across Africa? Read the rest of this entry »
