In the developing world there is an evolution coming up, using your mobile phone to let your cash money travel as quickly as a text message. To charge your mobile-money account you go to a corner shop, give them your cash money and then they charge your account by sending a special kind of message. Then you can transfer your mobile money via a text message to other registered users, who can withdraw the money at their own corner shop, or to not registered users who will receive a text message with a code, and with this code redeem the money. A successful example of mobile money was given at Kenya by the operator Safaricom, who has now nearly 7 million users.
Laura Bruggeman
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In the developing world there is an evolution coming up, using your mobile phone to let your cash money travel as quickly as a text message Bad flow --> In the developing world, using your mobile phone to let your cash travel as quickly as a text message is the next big evolution . To charge your mobile-money account you go to a corner shop, give them your cash money and then they charge your account by sending a special kind of message. Then you can transfer your mobile money via a text message to other registered users, who can withdraw the money at their own corner shop, or to not registered unregistered users who will receive a text message with a code, and with this code redeem the money. A successful example of mobile money was given at in Kenya by the operator Safaricom, who has now who now has nearly 7 million users.
By the way, someone has already discussed this topic. Remember the rule of 'first come, first served'
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