> The real breakthrough in the Kenyan market has been in people’s ability to send and receive money, with more than two-thirds doing so by phone. East A

> The real breakthrough in the Kenyan market has been in people’s ability to send and receive money, with more than two-thirds doing so by phone. East Africa’s biggest success has been M-Pesa, a mobile-based money-transfer system pioneered by Safaricom, a leading Kenyan operator. Its simple interface, which works on any phone, has brought financial services to Kenya’s poor majority, enabling the movement of some $8.6 billion in the first half of this year. These examples show that applications of any particular technology can vary from a developed country to a developing or a poor country. I also think such solutions will help reduce latency, corruption and inconsistencies leading to much better governance.