Disrupting Payments, Africa Style

Spending time in the developing world, one can always marvel at the resourcefulness of people living in often extraordinarily difficult conditions… Here in the U.S., we’re all familiar with the transformative nature of mobile phones in our lives. And for those in extreme poverty, the mobile phone has been equally, if not more, transformative.

One particular challenge faced by many in Africa, especially those living in fairly extreme poverty (less than $500 a year in purchase power), is dealing with money and buying things, and how the mobile phone is transforming those needs.