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NewsThe State of Mobile Money in the Developing World Pin
Terrence Dorsey24-Jan-13 10:15
staffTerrence Dorsey24-Jan-13 10:15 
Well, a slew of African start-ups are now facilitating similar types of transfers, but instead of cash, the currency being exchanged is airtime minutes. In addition to their most obvious application, these can be exchanged for cash at mobile phone dealers or bartered for products and services. One immediately apparent advantage of such a set-up is that there is no need for a proprietary system of agents — anyone dealing in prepaid airtime minutes would do.
Fascinating: making payments with airtime minutes where capital is scarce.

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