http://globaltechforum.wordpress.com/2007/03/20/mobile-phones-in-africa/ Digital business strategies Sat, 05 Jul 2008 08:34:50 +0000 http://wordpress.org/?v=MU http://globaltechforum.wordpress.com/2007/03/20/mobile-phones-in-africa/#comment-27 Jane M. Tue, 20 Mar 2007 17:03:40 +0000 http://globaltechforum.wordpress.com/2007/03/20/mobile-phones-in-africa/#comment-27 I couldn't agree more about the importance of mobile phones to the African economy. For example, Safaricom, Kenya's leading mobile communications provider, has recently launched M-PESA, a scheme which allows financial transactions to be made using mobile phones. M-PESA will allow people without access to banks to transfer cash, take out loans and perform simple transactions using SMS texting. The introduction of the mobile money scheme to Kenya will bring banking for many rural poor for the first time. I couldn’t agree more about the importance of mobile phones to the African economy. For example, Safaricom, Kenya’s leading mobile communications provider, has recently launched M-PESA, a scheme which allows financial transactions to be made using mobile phones.
M-PESA will allow people without access to banks to transfer cash, take out loans and perform simple transactions using SMS texting.
The introduction of the mobile money scheme to Kenya will bring banking for many rural poor for the first time.

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