Emerging Markets – Mobile Money Revolution

Visa launches mobile money platform in emerging markets

22nd October 2019 by Mobile Money

The eye-catching success of a handful of mobile money services – M-pesa, obviously – that use airtime as a currency has got the card firms a bit worried. They don’t want to see vast new markets using new types of currency. This explains why Visa bought Fundamo, one of the firms behind the mobile airtime … Read more

Kenyans transacted $26bn via M-Pesa in 2014, says Central Bank

22nd October 2019 by Mobile Money

New data from Central Bank of Kenya showed M-Pesa spend from Jan to Nov 2014 hit 22.4 billion. The bank reckons the 2014 total was $26bn. The total includes paying for hotel and electricity bills, buying fuel, shopping in supermarkets, paying rent and school fees, besides sending and receiving money. Actually, the Nov figure of $2.25bn was … Read more