M-Pesa

is moreover the name of the mobile money product offering by Kenyan mobile phone firm Safaricom and the network used by a cab motorist who took Jones’ transport in Nairobi recently.

Mobilis Chris Jones

focus duplicates a money account number from a mobile phone number and users can make withdrawals, automatic payments and send money to third parties, only similar to a actual bank account. Cash deposits and withdrawals are rubbed by certified agents, who might be a dilemma store tradesman in tiny towns outward the big urban centres,

But mobile money is a game-changer,

he argues. Pre-pay mobile phones, created in South Africa for its multitude of dispossessed, were once considered only fit for ne’er-do-wells and are right away a First World necessity. Mobile money is technology of a similar ilk,