Mobile Payments: The Trillion Dollar Industry That's Never - AgileVC
Agile VC
JUNE 12, 2012
But the reason M-Pesa initially took off (and similar systems in the Philippines and elsewhere) is in developing economies prepaid mobile minutes are inherently a store of value parallel to the local currency. Also some of the mobile banking players are considering to build a parallel network that would disintermediate the card associations.
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