In South Africa you can send money to anyone's phone number from several of the big banks. They can even be 'unbanked'. Regulation allows them to receive up to

In South Africa you can send money to anyone's phone number from several of the big banks. They can even be 'unbanked'. Regulation allows them to receive up to a certain amount before having to KYC and go through AML checks etc. To access their money they go to an ATM and a challenge response is sent to their phone number.