Voice of America: Report: Mobile Phones Transform Lives in Africa

Voice of America Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East and Balkan countries

Report: Mobile Phones Transform Lives in Africa Jan 28th 2013, 15:49 Rene Mendy, a street vendor in Dakar, has never had enough money to open a bank account. But now, thanks to an emerging mobile phone banking service, he has access to many financial services.   Using a service called Orange Money, for example, he can deposit or withdraw as little as 500CFA (about $1), pay bills from anywhere, recharge phone credit and transfer money to family members.   Launched on the continent in Ivory Coast in 2008, the service came to Senegal in 2010 as a pilot ... Media files: BA1DBEBC-54FD-4BA1-B638-E17F105252B1_cx0_cy0_cw0_w800_r1.jpg?nocache=1 (image/jpeg, 0 MB)

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