Cellphones have made it possible for anyone to have a phone to make calls, send SMSes and, using clever payment systems like Kenya's M-Pesa, send mobile money to another phone user. Half of Kenya's GDP now moves through mobile money, and M-Pesa reportedly handles $20-million a day in transactions.
Mobile money is projected to become a $617-billion industry by 2016, according to researchers Gartner, who predict mobile transactions will reach $171-billion this year. Already, 80% of the world's mobile money transactions are happening in East Africa, driven by Kenya, the epicentre of mobile innovation.
SOURCE::CNN-MOBILE SOCIETY
1 comment:
Is it true??
Post a Comment