Tag Archives: M-Pesa

Africa online 2011: The mobile continent

Posted on by Ville Miettinen

… If there’s one area where Africa leads the world, it’s mobile banking. The Kenyan company M-Pesa is a branch-less, mobile money system that allows customers to transfer cash by SMS. In Nairobi, apparently, you can even pay taxi drivers by mobile. The success of services like M-Pesa is jaw dropping: in Kenya over $30 million worth of mobile transactions are carried out every day. And, if there really are more mobile phones than bank accounts in Africa, there’s definitely scope for …

Tags: Africa crowd crowdsourcing crowdsourcing platform distributed work iPhone Kenya M-Pesa Mobile banking Mobile phone Nairobi SMS