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Tuesday, May 15, 2012

Mobile money in Africa: Press 1 for modernity | The Economist

Mobile money in Africa: Press 1 for modernity | The Economist: MANY people know that “mobile money”—financial transactions on mobile phones—has taken off in Africa. How far it has gone, though, still comes as a bit of a shock. Three-quarters of the countries that use mobile money most frequently are in Africa, and mobile banking in some of them has reached extraordinary levels.