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In Kenya, the M-Pesa mobile money transfer system was launched in 2007 and is now woven into the fabric of everyday life.
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Boom Financial is providing mobile to mobile international money transfer at unprecedented low rates and ultra-convenience from the US to poorly served markets across Latin America and the Caribbean, and eventually globally.
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On the mobile front, the mobile industry in Africa has been growing exponentially over the past few years, fueled largely by the emergence of M-Pesa, a mobile-based money transfer service used as a microfinance tool.
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Most of the citizen donations came through M-Pesa, a popular mobile-phone based money transfer service for Safaricom.
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Prominent examples include MoneyBox Africa and M-PESA, mobile-phone based money transfer services that allow customers to deposit and withdraw money, transfer money to others, pay bills and make purchases.
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Paga is a money transfer service that leverages the ubiquity of the mobile phone to bring great value to customers.
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In 2007, Safaricom launched M-Pesa (M for mobile and Pesa- a Swahili word for money) which lets users deposit, transfer and withdraw funds via text message.
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Mr Singh's government is already hobbled by corruption scandals involving his cabinet ministers ranging from allocation of resources (mobile phone spectrum licenses and coal) to plain old-fashioned bribery allegations (money for transfer of officials to "lucrative" postings).
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M-PESA, launched in 2007, provides banking transactions without the need to visit a bank branch by using mobile phones and 19, 500 agents where customers can deposit and withdraw money, pay bills, purchase airtime and transfer money to other users and nonusers.
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Enabling lower cost money transfer and access to new financial services to billions of individuals in developed and developing markets, using mobile technology platforms.
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