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Mobile money turns Kenya into global transfers hub
International companies, inspired by the success of Safaricom’s M-pesa, are rushing to create cash solutions targeted at millions of Africa’s unbanked. File
As the mobile phone sector stands poised to pose its stiffest challenge yet to the financial sector in the coming months, the country’s profile as the world’s innovation hub in the mobile finances market is on the rise.
Kenya is to mobile money solutions what Silicon Valley was to software in the last decade and companies are taking advantage of that to use the country as a testing ground for solutions they hope will translate into global success.
