Bankless Banking Is Ready For Its Close-Up
YoungUpstarts
JANUARY 27, 2017
It is being impacted by the growth in mobile network operators and mobile payment platforms, not classified as deposit-taking institutions, who are acting as banking agents. 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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