Everyone wants to do everything on mobile these days, from banking with a simple USSD menu to consulting with their doctor via SMS.
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Recipients can receive money with or without bank accounts
They’re using Point Of Sale (POS) machines, instead of ATMs, for cash withdrawals.
The government claims it’s to seal tax evasion loopholes
Just as the magnetic strip revolutionized payment through the use of plastic card, mobile payments in Africa are facilitating the move to retail payments using mobile wallets and phones at point of sale.