We might be heartily tired of hearing about M-PESA, but the fact that it’s in the news and in our faces all the time is precisely why it’s so successful. Fungibility is the killer app here. It must work at the roadside kiosk as well as it does at Mega Plaza. Now they’re paying rent with it.
Meanwhile, it looks like the mobile money frenzy in Nigeria (nearly two dozen licenses now) has cooled somewhat. Is it a good idea to try to live life in Lagos for a week on just mobile money?