Regular followers of mobile payment technology know that Kenya stands as one of the most successful mobile payment stories, thanks to the widespread use of the M-Pesa mobile payment service in that country. Kenya’s success in this area jumped onto the global spotlight this week thanks to a report on CBS-TV’s “60 Minutes.” Whether or not the "60 Minutes" segment, which gave an overview of how average Kenyans are conducting mobile commerce using their smartphones, catapults M-Pesa as a mobile payment service remains to be seen. The report explores the many benefits that mobile commerce can bring to a developing country, but […]
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