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A comment on M-Pesa – a mobile-phone based money transfer and microfinancing service.

Re:M-Pesa – a mobile-phone based money transfer and microfin... by bendtherules on Monday November 23, 2015 @05:48AM (#10613869)
Why is this even so popular today? Vodafone started it years ago.
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Re:M-Pesa – a mobile-phone based money transfer and microfin... by jdimov10 on Monday November 23, 2015 @06:05AM (#10613919)
East Africa and some parts of Asia have had mobile money solutions like this for over a decade. They are so ubiquitous in those parts of the world that many people don't even bother to open bank accounts any more.

The rest of the world is still working on "fintech"... They don't like to talk or hear about M-Pesa. So each time they do, it's a bit of a shocker.

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Re:M-Pesa – a mobile-phone based money transfer and microfin... by peter303 on Monday November 23, 2015 @11:45AM (#10615523)
According to 60 Minutes, competing big banks have blocked m-pesa type services in many countries.
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Re:M-Pesa – a mobile-phone based money transfer and microfin... by laported on Monday November 23, 2015 @07:56AM (#10614291)
The US television show "60 Minutes" aired a story on M-Pesa last night; that could be what is spurring the interest today.
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Re:M-Pesa – a mobile-phone based money transfer and microfin... by melenaboija on Monday November 23, 2015 @09:28AM (#10614726)
I know this is not new but I sow it yesterday on a spanish finance show, so coincidence the same day it was shown in both countries.

An article from 2014 at bloomberg talking about it:

http://www.bloomberg.com/bw/articles/2014-06-05/safaricoms-m...

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Re:M-Pesa – a mobile-phone based money transfer and microfin... by jsprogrammer on Monday November 23, 2015 @10:54AM (#10615247)
PR run.
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Re:M-Pesa – a mobile-phone based money transfer and microfin... by pjc50 on Monday November 23, 2015 @07:48AM (#10614260)
People seem to like posting bitcoin articles even though that was started years ago, too.
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