South Africa: M-Pesa to Open New Frontier for the Unbanked - Mobile World Live

South Africa: M-Pesa to Open New Frontier for the Unbanked

01 SEP 2010

Johannesburg — THE days when South Africans will pay for a taxi ride by simply transferring the fare to the driver’s cellphone are not far away, the head of SA’s largest cellphone company said yesterday.Speaking at the launch of the M- Pesa mobile money transfer service that will be jointly run with Nedbank, Vodacom CEO Pieter Uys says the possibilities are endless.And if Kenya’s experience with its own M-Pesa service is anything to go by, Mr Uys and Nedbank CEO Mike Brown believe they have not only struck a rich vein, but also opened a new frontier in the battle for theunbanked.

Read more: http://mobile-financial.com/node/12257

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