A South African telecoms firm has seen a rise in mobile-money payments across its 16 African markets
of mobile money is one that turns during crises. In Kenya in 2008, violence broke out after a disputed election the year before. As supporters of the rival candidates clashed on the streets, ordinary folk were afraid to go out. Many started sending money to each other by phone using a newfangled service called-Pesa is the most celebrated mobile-money service in the world. It processes 11bn transactions a year and has spawned imitators across Africa and farther afield.
The data do not show what caused the spike. Maybe Rwandans switched to digital payments because restrictions on movement made it hard to use cash; perhaps they were sending help to loved ones in need. A third explanation is that official policy changed. Just before the lockdown, the central bank told telecoms companies to eliminate charges on all mobile-money transfers for a three-month period. It also raised transaction limits.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
10 Ways to Boost Your Odds of Surviving COVID-19'Thriving is a learned skill similar to learning a new language. Once you have learned it, your odds of surviving improve, regardless of the circumstances—including COVID-19.'
Lire la suite »
Jay Inslee Says Trump Should Be 'Removed From Office' for His Disastrous COVID-19 ResponseThe Washington state governor compares Trump’s coronavirus denialism to FDR “saying that Pearl Harbor was a hoax and that the Japanese were going to surrender miraculously the next Mond…
Lire la suite »
COVID-19 Has Killed Close To 300 U.S. Health Care Workers, New Data From CDC ShowsMore than 60,000 health care workers have contracted the coronavirus, up from 9,000 in April. Workers say they face unnecessary risks because of ongoing shortages of protective gear like masks.
Lire la suite »
100,000 deaths: How does the COVID-19 toll compare with other deadly events in U.S. history?The U.S. death toll from coronavirus has surpassed American deaths from 9/11 and the Korean and Vietnam wars combined. Here's a look at COVID-19's place in history.
Lire la suite »
England's COVID-19 test and trace system begins as adviser row rumbles onBritain's government faced questions over how closely people would abide by its new COVID-19 test and trace service on Thursday, as a row persisted over the prime minister's closest adviser taking a long-distance journey during lockdown.
Lire la suite »