This short article in Fast Company magazine delves into the accidental beginnings of mobile phone banking. The story states that a woman who was piloting the M-PESA micro-finance system ended up paying her bus fare by phone after her money was stolen.
While not the original intent of the M-PESA program, it was quickly recognized as a revolutionary way to store, save and transact money.
And now... mobile banking is used by over 13 million customers in Africa, Afghanistan and India - with millions of others spread across the globe.
Read the full article: A Mobile Banking Powerhouse Born From Bus Fare Thef.
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