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12 Ways Mobile Phones Have Transformed Africa

12 Ways Mobile Phones Have Transformed Africa

gelookahead.economist.com
gelookahead.economist.com

Banking

Mobile money has moved millions of Africans from using the traditional brick-and-mortar banking system to transacting almost all transactions on their phones. For Example in Kenya, Safaricom subscribers can deposit and withdraw money from their bank accounts using cellphones. In some cases subscribers can even save and borrow directly from their mobile phones.