The Death of Cash: Why the West Needs to Catch Up With the Mobile Payment Economy
Paul Broome
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Posted 21.07.2012
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UK Tech
Read More:
Africa Economy,
Mobile Banking,
Kenya,
M-Pesa,
E-Commerce,
Mobile Economy,
Kenya Mobile Payment,
Africa,
UK Tech News
While the West has been trying to develop the right platforms and technology for mobile payments to work, and technology providers and operators have been battling for mobile payment supremacy, Kenya has gone straight from a barter/gift/debt economy to digital transaction - leapfrogging over the last 100 years of the West's progress in monetary transactions.
