Category:Micropayments

"Mobile phone penetration in developing countries is above 80%. Mobile payments were estimated to exceed US$235bn in 2013, $160bn of which were made in Africa. Using mobiles to perform small tasks and transfer money can help blaze paths out of poverty"...

http://www.cbsnews.com/news/future-of-money-kenya-m-pesa-60-minutes/

The majority of Kenyans lack a bank account. But more than half of Kenyans—about 16mn people—use M-PESA, a payments service that connects a network of 28,000 merchants and allows cash transfers via mobile phone without a bank intermediary...

The market for microwork—small, digital tasks that can’t be done by machines—in developing countries is estimated to rise from $4.5bn in 2010 to $20bn in 2015. Micro-employment is estimated to grow from 144,000 to 780,000 over the same period...