Cash Hand Banking

Article

A Guardian article by Richard Wray examines the rapid growth of mobile banking, or “m-banking,” across Africa, where mobile phones now vastly outnumber bank branches and cash machines. It profiles services such as Vodafone’s M-Pesa in Kenya and Orange Money in Ivory Coast, which let people deposit, send and withdraw cash through networks of local retailers already selling mobile airtime, giving millions of previously “unbanked” Africans their first access to formal financial services.