Cashing in on mobile money
Mobile payment services promise to radically reshape banking and commerce in emerging economies. Success in the mobile money business, however, is far from easy.
01 October 2012
Peach Payments reckons the mobile money business in South Africa and other emerging economies is ripe for the picking.
The Cape Town startup firm has launched a payment service that enables consumers to use their mobile phones to pay for goods and services bought from internet retailers. The service will facilitate credit card payments within mobile apps or on mobile websites and also support payment methods that do not require the consumer to possess a credit card or even a bank account.
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