YoungUpstarts

JANUARY 27, 2017

A customer can transfer money or pay for goods and services by sending an SMS , using a Java application or other mobile communication technologies. In Kenya and Tanzania, over 25 million people use the M-Pesa mobile payments platform, operated by Safaricom and Vodacom, with money sent via text message.

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India Mobile SMS Tanzania 100

The Next Web

OCTOBER 15, 2012

With Safari Yetu, you pay online or via mobile, receive an SMS reservation or ticket and go to the bus station once; the day you are traveling. Many Africans don’t have bank accounts and use M-Pesa as a way to store money as well as paying for goods and services- it works like Google Wallet but via SMS instead of NFC.

Silicon Valley 148

Silicon Valley Tanzania Chile Rwanda 148

thebarefootvc

DECEMBER 16, 2011

In Kenya, M-Pesa processed more transactions domestically than Western Union did globally, and “ provided mobile banking facilities to more than 70 per cent of the country’s adult population” , most of whom never had banking services before. Farmers subscribed to daily updates via SMS on weather and crop prices.

Technical Review 110

Technical Review India Mobile Hockey Stick 110

ReadWriteStart

SEPTEMBER 7, 2011

M-SAVE allows you to invest your current excess pre-paid airtime in stocks or funds, or take out a small loan, lets say for a quick lunch or because you don't have enough with you to make the purchase, all immediately via SMS. Also SMS-based. Tutabeba : Local delivery service.

Africa 138

Africa SMS Kenya Startup 138

Agile VC

JUNE 12, 2012

It’s not for a lack of technological effort from both startups and huge companies in all of mobile payments’ incarnations – SMS, mobile web, native apps, NFC, etc. NFC, SMS). M-Pesa created by mobile carrier Safaricom in Kenya is the best known example of this. A new form of user authentication (e.g.

Mobile 250

Mobile Disintermediation SMS Government 250