Working Around Banking for Mobile Payments
I love it when stuff like this happens, apparently folks in Africa are working around a lack of support from banks to create mobile payment systems based on trading minutes of airtime. Fantastic! A few more insights like this and they’ll have their mobile business models well lubricated enough that they should be able to rocket by us in terms of innovation. I’m hoping that something of the sort would prove to be enough of a smack in the face to get things really kicked up here in the “developed world”. If not, I could just move to Africa. I’ll have to get a pith helmet so that I’ll be ready, just in case.
