[governance] Web payments

[Carlos A. Afonso]

McT, paying electronically without a bank, credit card or similar 
account is impossible, unless billing is done against a postpaid cell 
phone account. As Lavoisier suggested, money, like energy, is not 
created out of the blue (except by govs :)). This "enormous success" 
might be referring to a minority of people.

frt rgds

--c.a.

On 04/16/2013 05:10 PM, McTim wrote:
> On Tue, Apr 16, 2013 at 3:54 PM, Ian Peter <ian.peter at ianpeter.com> wrote:
>> question - how many of the 2.5 billion people who can't afford bank accounts
>> can afford mobile phones and internet access?
>
>
> lots...many if not most perhaps.
>
> mobile money is an enormous success in Africa.  All done via cheap mobiles.
>

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