Workers within that industry have found a number of advantages to being paid over smartphones. In Zimbabwe, the unemployment rate in formal industries has been estimated to be as high as 90 percent, and an informal economy – including those in the sex trade – have now been making use of the EcoCash mobile payments system to be able to accept transactions more safely and securely than other methods. There are a number of reasons that sex workers have found that using smartphone payments is a good option. According to…
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Mobile payments are rapidly evolving in Africa
Though M-Pesa from Kenya is still the most successful, the market is growing quickly. M-Pesa, the mobile payments program from Kenya’s Safricom, is easily the top form of smartphone transaction in Africa, but that marketplace is rapidly growing and evolving with many other players taking part. Many are surprised to find that there are parts of Africa where its competitors are in the lead. Africa is one of the regions where mobile payments are taking off like wildfire. In fact, the population appears to be making massive move toward a…
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