3 ms·
Why does Kenya lead the world in mobile money?
Some of the factors behind Kenya's lead cannot be copied; but many of them can, which means it should eventually be possible for other countries to follow Kenya's pioneering example.
- GauntletWizard 13y agoBecause there's a near monopoly on phone service, and little regulation to prevent the phone company from iterating and iterating fast. It also means that the necessary conversations about privacy, money laundering, and what the telco and government can and cannot do with that data have not happened, but they're reaping the short-term benefits - Debit cards in a more convenient package.