Want to pay your electricity bill with your mobile phone? In Egypt, you can soon
Mobile penetration inEgyptis over 80%. So, compared with a measly 10% of the population owning a credit card, mobile payments are the logical alternative for the majority of the country. Recently given a tentative go-ahead by the government, mobile operatorsMobinilandVodafone Egyptare gearing up to offer Mobie Money Transfers, a service that has already proven successfulin Africa, particularly in Kenya, operated by Safaricom. The actual launch date is yet to be determined, as the final approval depends on Egypt’s security situation, which has yet to stabilize since the uprising that toppled former Egyptian president, Hosni Mubarak....