Have you been to any of countries in the world with dysfunctional banking systems?
India immediately comes to mind, many African nations likely would find this incredibly useful. Just because it isn't useful to YOU doesn't mean its useless.
India immediately comes to mind, many African nations likely would find this incredibly useful. Just because it isn't useful to YOU doesn't mean its useless.
International transfers are still an issue (at least from India to abroad) but this is largely a regulatory issue on foreign remittance than a technological one.
It is however true what you are saying. But I can easily believe that these companies would exploit those countries even more than "traditional" banking systems ever could.
To my knowledge you don't even need an internet connection for mobile money.