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Joyce Karanja and Michelle Karimi Kimonye
Kenya's mobile money innovation boom
Kenya is quickly gaining a competitive advantage in the mobile payments space. Led by mobile operator giant Safaricom with their Mpesa product, the market locally sees huge value in mobile money transactions. Add to that a regulatory system that is relaxed enough for innovation to be encouraged, and you have a great space for interesting things to happen.
Pay.Zunguka
The team at Symbiotic always have more than one iron in the fire. I was surprised by their most recent release of a new product called Pay.Zunguka recently. Simply put, it's a payment gateway and aggregator, allowing merchants, developers and content providers a way to monetise their work with the public.
There are two sources of inspiration in Pay.Zunguka, which is the ability for people to utilise international online payment methods like PayPal and Google Checkout, but more importantly that users in Kenya can do it all without a credit card, only using their phones. That's a big deal, and it's a nod towards recognising that credit cards aren't necessary, we can bypass that mess.
Read the full article on www.memeburn.com.
Source: Memeburn
Launched in April 2010 by Matthew Buckland, Memeburn is a news and opinion platform tracking tech culture, innovation and business. It plays particular attention to the web, mobile, social media, online media and social networking fields. Key opinion-leaders contribute to Memeburn, providing their insights on the online industry. Subscribe via email or RSS for regular updates. Follow memeburn on Twitter at @memeburn.
Go to: http://www.memeburn.comAbout Erik Hersman
Erik Hersman is the founder of AfriGadget and is a contributor on www.memeburn.com.
