Listen to this discussion on ‘mobile money revolution: Kenya & Zimbabwe’. The two countries have a significant mobile money user base. The biggest providers of the mobile money service in the two are, M-PESA in Kenya and Ecocash in Zimbabwe. The panelists consider, how mobile money works, monopolistic tendencies in the sector and the regulatory environment of mobile money providers.
Of note, mobile money is quite a unique aspect of fintech. For instance, users do not need smart phones or internet but only a working phone. This is unlike other regions where mobile money usage entails use of an app.