A Mobile Money Revolution in the Developing World

Mobile Money Takes on the Developing World

A Mobile Money Revolution in the Developing World

Formerly called “Mobile Transactions,” this Zambia-based company allows people to send and receive money quickly and easily through their mobile phones. The vast majority of financial transactions in Africa are done with cash and paper, because in countries like Zambia, more than 80 percent of adult income earners are unbanked and have very limited access to computers. This is a problem, because dealing in cash is expensive, inefficient and insecure. Besides transferring money, Zoona allows people to securely store savings on their phones, receive insurance payouts, and receive and repay loans. It uses a distributed network of agents who serve as live ATMs, collecting and distributing cash for transfers and other transactions. The company is currently processing $5 million a month, with 75,000 active users in Zambia, Zimbabwe, Mozambique, and Malawi.

Full article: http://www.triplepundit.com/2012/11/mobile-money-revoluti...

Tweets

@twk003 » 28 Nov '12, 6am
Kenya on platform of its own with regards to mobile innovations: A Mobile Money Revolution in the Developing World [link]
@Clairmail » 09 Nov '12, 6pm
A Mobile Money Revolution in the Developing World [link] #mbanking #mpayments
@Jana » 07 Nov '12, 4pm
Great overview of some of the companies capitalizing on the amazing growth of mobile in emerging markets: [link] by @kuurlyq
@SLEYway » 06 Nov '12, 6pm
RT @ZidishaInc: A mobile money revolution is underway in the developing world. [link]
@chrissiy » 05 Nov '12, 8pm
I'm very proud to work with @ZoonaZambia, featured in @TriplePundit for driving the #mobilemoney revolution [link]
@LivingRooted » 05 Nov '12, 5pm
The mobile money future of the developing world [link] See how technology is giving more people access to money
@worldreaders » 05 Nov '12, 1pm
RT @lizzywood: @mshoebri @binumobile @worldreaders A Mobile Money Revolution in the Developing World [link]
@RCySost » 05 Nov '12, 10am
A #Mobile Money Revolution in the Developing World [link] via @triplepundit #ICT
@DavidNBerger » 05 Nov '12, 9am
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@lizzywood » 05 Nov '12, 8am
@mshoebri @binumobile @worldreaders A Mobile Money Revolution in the Developing World [link]
@jranck » 05 Nov '12, 2am
Mobile Money Takes on the Developing World [link] via @zite
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RT @BillAtNetHope: A Mobile Money Revolution in the Developing World [link]
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RT @NetHope_org: A Mobile Money Revolution in the Developing World [link]
@apiadmbr » 04 Nov '12, 9am
RT @dr_rick: Some great examples from Triple Pundit of innovations using mobile tech to increase access to information & opportunity [link]
@BradJOz » 04 Nov '12, 6am
RT @GrameenAmerica: Mobile Money Takes on the Developing World [link]
@dr_rick » 04 Nov '12, 1am
Some great examples from Triple Pundit of innovations using mobile tech to increase access to information & opportunity [link]
@luheinlategan » 03 Nov '12, 12pm
RT @Rensburg: We have known for years, only now getting acknowledged. [link]
@Rensburg » 03 Nov '12, 11am
We have known for years, only now getting acknowledged. [link]
@virtualworker » 03 Nov '12, 9am
RT @ZoonaMike: Thanks for the mention @triplepundit! [link] @ZoonaZambia @KopoKopoInc
@ZoonaMike » 03 Nov '12, 9am
Thanks for the mention @triplepundit! [link] @ZoonaZambia @KopoKopoInc
@LightBulbFinder » 02 Nov '12, 5pm
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@erinmote » 02 Nov '12, 5pm
RT @susanmcp1: Fascinating to see the growth. "Mobile Money Takes on Developing World" [link] via @pundit #mtech cc: @erinmote
@GoodWorldTech » 02 Nov '12, 4pm
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@ZoonaZambia » 02 Nov '12, 2pm
A Mobile Money Revolution in the Developing World - @zoonazambia featured on @triplepundit blog [link]
@Steve_RF » 02 Nov '12, 2pm
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@BuildingMrkets » 02 Nov '12, 2pm
Mobile Money Revolution is Underway. @triplepundit profiles a few awesome innovations [link]
@susanmcp1 » 02 Nov '12, 2pm
Fascinating to see the growth. "Mobile Money Takes on Developing World" [link] via @pundit #mtech cc: @erinmote
@adamrozan » 02 Nov '12, 1pm
A Mobile Money Revolution in the Developing World [link] really interesting blog, finances, banking & new technologies.
@IslandDad » 02 Nov '12, 1pm
Mobile Money Takes on the Developing World [link]
@CASEatDuke » 02 Nov '12, 1pm
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@dstevenwhite » 02 Nov '12, 12pm
A Mobile Money Revolution in the Developing World - TriplePundit [link]
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RT @SocialVenture: A Mobile Money Revolution in the Developing World [link]
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A Mobile Money Revolution in the Developing World - Triple Pundit: A Mobile Money Revolution in the Developing W... [link]
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A Mobile Money Revolution in the Developing World: Mobile is the future of commerce, education, and advocacy and... [link]
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@justmobilenews » 02 Nov '12, 9am
A Mobile Money Revolution in the Developing World - Triple Pundit: A Mobile Money Revolution in the Developing W... [link]
@SocialVenture » 02 Nov '12, 9am
A Mobile Money Revolution in the Developing World [link]
@mobilpazarlama » 02 Nov '12, 9am
A Mobile Money Revolution in the Developing World - Triple Pundit: A Mobile Money Revolution in the Developing W... [link]
@MyGreenMBA » 02 Nov '12, 9am
A Mobile Money Revolution in the Developing World: Mobile is the future of commerce, education, and advocacy and... [link]