Martina Pennisi Smartmoney

Virtual Money. Real Relief

Martina Pennisi Smartmoney

Beyond M-Pesa

Smartmoney

Virtual Money. Real Relief

Last month, when Tim Cook was showing off Apple’s new mobile payment technology to congregants in San Francisco, a 33-year-old Pilipino woman named Jenalyn Orquiza was using her cell phone to make a payment of 450 Philippine pesos, about $10. She wasn’t using the service to tee up a credit or debit card payment, as… Read more »

di Martina Pennisi
Smartmoney

Beyond M-Pesa

Despite all the talk about the mobile revolution and its potential impact on transactions and banking, the only truly blockbuster success I’m aware of is Kenya’s M-Pesa. Much has been written about this service so I won’t blow this column repeating what’s out there. The latest numbers merit mention: 60 percent of the country’s adults use… Read more »

di Martina Pennisi