Africa’s mobile banking revolution

02 : 10 : 2012 Groupe Spéciale Mobile Association : Africa : Burrus Research Associates

In developing countries, more than one billion people who own a mobile phone lack a bank account, according to Groupe Spéciale Mobile Association (GSMA). With these consumers in mind, companies are developing payment systems that turn mobile phones into virtual banks that enable people to deposit, withdraw and transfer money.

Africa’s mobile banking revolution

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