Hacker Newsnew | past | comments | ask | show | jobs | submitlogin

Kenya is a relatively bad example. While a lot of people are underbanked mobile banking and - payments took off in a spectacular way.[1]

It's probably easier to transfer funds via M-Pesa then from a bank account in Delaware to a bank account in Detroit

And, at least in theory, America is a wealthy country without any borders.

[1] https://en.wikipedia.org/wiki/M-Pesa




You’re right. I find it stupendously easy to move money within/into Kenya.

I can easily pay a street seller from my US bank account, directly to his/her phone, in seconds.

Pains me to say this because I had this international bank/credit card to M-Pesa transfers idea a decade ago, a professor dissuaded me from pursuing it.

5 years later, a bunch of services launched and many are thriving.




Consider applying for YC's Fall 2025 batch! Applications are open till Aug 4

Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: