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Vodafone says it is now looking to expand its mobile banking service to several other countries.
CNN: Banking revolution saving lives in Africa
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All payments for completed tasks are received by mobile phones, using M-PESA, a popular mobile banking service.
BBC: New service is all in a day's SMS
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Trustwave security experts test many mobile applications every year, usually fitting into one of two categories: free merchant or service-provider applications targeting consumer users (mobile banking applications, grocery store applications, etc.) and applications used by brick-and- mortar merchants for roving sales clerks.
FORBES: Is Your Mobile App Safe?
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In the emerging world , the most famous mobile payments success is in Kenya, where M-Pesa , the P2P payments service of mobile phone supplier Safaricom, has effectively created an alternative banking and payments system.
FORBES: Who's Ready For Mobile Payments? The U.S., Canada...And Kenya
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The race for marketshare is on, as mobile phones bring banking to places that never had a physical infrastructure for it just as they did earlier for phone service itself.
FORBES: The Race (For Marketshare) Is On: Commercial Launch of Mobile Banking in Haiti