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Kenya is a relatively bad example. While a lot of people are underbanked mobile banking and - payments took off in a spectacular way.[1] It's probably easier t
by CaptainZapp 7y ago
Kenya is a relatively bad example. While a lot of people are underbanked mobile banking and - payments took off in a spectacular way.[1]
It's probably easier to transfer funds via M-Pesa then from a bank account in Delaware to a bank account in Detroit
And, at least in theory, America is a wealthy country without any borders.
[1] https://en.wikipedia.org/wiki/M-Pesa https://en.wikipedia.org/wiki/M-Pesa
- eng101 7y agoYou’re right. I find it stupendously easy to move money within/into Kenya. I can easily pay a street seller from my US bank account, directly to his/her phone, in seconds. Pains me to say this because I had this international bank/credit card to M-Pesa transfers idea a decade ago, a professor dissuaded me from pursuing it. 5 years later, a bunch of services launched and many are thriving.