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Mobile payment systems

Platforms Back
Published : Oct 22, 2012
NOT ON THE CURRENT EDITION
This blip is not on the current edition of the Radar. If it was on one of the last few editions, it is likely that it is still relevant. If the blip is older, it might no longer be relevant and our assessment might be different today. Unfortunately, we simply don't have the bandwidth to continuously review blips from previous editions of the Radar. Understand more
Oct 2012
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Despite apparent resistance in the Global North, mobile payment systems such as Kenya’s M-Pesa are providing secure cashless monetary transactions. With the service rolling out across Africa, the system opens up the market for the millions of people with mobile phones but lacking access to traditional banking outlets. Providers such as Square are slowly improving the situation, but the North continues to lag.

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