Posts Tagged ‘mpesa’

Global mobile payment transactions to surpass $235B

Global mobile payment transactions will generate $235.4 billion this year, growing 44 percent over last year’s US$163.1 billion. Asia-Pacific will account for US$74 billion, with growth driven by both developed and developing countries such as Singapore, India, and South Korea. According to a Gartner report released Tuesday, global mobile transactions volume and value will clock an […]

Bill Gates on Mpesa | The optimist’s timeline

Consider the example of M-Pesa, Kenya’s mobile-banking service that allows people to send money via their cellphones. M-Pesa first needed to invest in many brick-and-mortar stores where subscribers could convert the cash they earn into digital money (and back into cash).  read more