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The history of the prepaid mobile phones began in the 1990s when mobile phone operators sought to expand their market reach. Up until this point, mobile phone services were exclusively offered on a postpaid basis (contract-based), which excluded individuals with poor credit ratings and minors under the age of 18 (the typical age of contractual .)
M-PESA ( M for mobile, PESA is Swahili for money) is a mobile phone-based money transfer service, payments and micro-financing service, launched in 2007 by Vodafone and Safaricom, the largest mobile network operator in Kenya. [ 1] It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan, South Africa and Ethiopia .
Secondly, there are a large number of unbanked, and underbanked, people in Africa. A 2009 World Bank report puts this figure at as high as 70% of Africans, while South Africa’s First National ...
Despite South Africa's high card and mobile penetration rates of over 70%, the country's SMEs still struggle to accept cards. Yoco's portable card machines proved masterful in solving this problem.
Pays says Ozow is creating automated bank-to-bank payment solutions for over 47 million bank account holders and more than 100 industries in South Africa. Since the company’s Series A raise of ...
Lokesh Chandra, IAS. Mahavitaran or Mahadiscom or MSEDCL (Maharashtra State Electricity Distribution Company Limited) is a wholly-owned subsidiary of the Maharashtra State Electricity Board. It is the largest electricity distribution utility in India (2nd largest in the World after SGCC ). MSEDCL distributes electricity to the entire state of ...
According to Statistics South Africa 's [ 6] mid-year population estimates for 2018, [ 7] the total HIV prevalence rate for the country is 13.1%. The HIV prevalence rate for all adults aged 15 to 49 is 19.0%. [ 7] Statistics South Africa estimates the number of deaths attributable to AIDS in 2017 as 126,755 or 25.03% of all South African deaths.
As COVID-19 cases began to grow in the continent’s major economies last week, Africa’s leader in digital payment adoption — Kenya — turned to mobile-money as a public-health tool.
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