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Africa did as well for the most part, didn't they? I recall reading how people there are largely "unbanked" but they carry balances with their cell provider so
by philsnow 8y ago
Africa did as well for the most part, didn't they? I recall reading how people there are largely "unbanked" but they carry balances with their cell provider somehow and pay each other that way.
- pgeorgi 8y agoIn Africa that would be m-pesa, started by a Kenyan telecom and Vodafone. One fun bit is that it uses SIM applications[0], something that's barely used for anything serious except for m-pesa (and its spin-offs) but exists practically across the entire GSM infrastructure. [0] https://en.wikipedia.org/wiki/SIM_Application_Toolkit https://en.wikipedia.org/wiki/SIM_Application_Toolkit