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20 June 2013
   
 
 
 
 
 
 
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Mobile Money: For business development in the East African community - 1.7 MB
 

There is growing enthusiasm about the increasing number of mobile phones in the developing world and the potential of the mobile platform in helping to address the needs of individuals and small businesses.1 On the back of the rapid uptake of mobile telephony in developing countries, many wireless applications of relevance for small enterprises have emerged. Mobile money is one of the most notable applications of this trend, a phenomenon that took off in earnest only in the past few years. According to data from the GSM Association, some 130 mobile money deployments had been implemented at the end of March 2012, spanning all developing regions.2 Interestingly, Africa is leading the trend with 60 such systems. And within Africa, the East African Community (EAC) is at the
forefront.3

Report by UNCTAD

Edited by: Creamer Media Reporter
 
 
 
 
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