Kenya Has Mastered Mobile Money. Here Are 3 Reasons Vietnam Needs Mobile Money Too.
Kenya dominates mobile money, as there are now more than 26.7 million M-Pesa subscribers in Kenya alone, and these subscribers can now use M-Pesa to exchange money through their phones without having to link their electronic funds to a formal bank account. Here's how M-Pesa works: the user obtains a Safaricom sim card and takes cash to be deposited with an M-Pesa agent. If the user wants to withdraw funds, they may do this with an M-Pesa agent as well. To send money to anothe