ICT for Health (Education)

Wednesday, November 02, 2005

Mobile Phone Apps Rising: Banking in South Africa

From the article:
Open to anyone with a phone, mobile banking has proved a hit with people such as Mpanza in South Africa's townships and villages, and looks set to spread quickly across Africa. Account holders use text messages, or SMS, to pay for goods, transfer money to friends and family and top up the credit on their pre-pay phones. Bosses can pay salaries direct into cellular accounts and customers can deposit cash at Post Offices and some bank branches.


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