Mobile money in Africa: Promise and Perils
نویسنده
چکیده
Over the last decade, Africa has become a global leader in mobile money—cashless electronic payment that use mobile telephones as the main payment mechanism, rather than using a smartphone only as a conduit to a user’s bank or credit card account. More than half the mobile money companies in the world operate in Africa. In 2014, the most recent year for which figures are available, the mobile money market in sub-Saharan Africa generated $656 million in revenue, according to industry analysts Frost and Sullivan.1
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