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Can Mobile Money Conquer New Markets?

After great success in East Africa, mobile-phone wallet M-Pesa hit some bumps in South Africa.
by Miriam Mannak

Since its launch in 2007 by mobile-phone giant Vodafone and local partners, M-Pesa has taken East Africa by storm. Today more than 18 million users, most in Kenya and Tanzania, use the mobile-phone wallet to transfer billions of dollars a month. The technology has brought new financial options to…

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