Payment Systems Evolve With the Economy | Africa
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0:00A: of payment systems in Africa. So in Africa and other places, so systems, these payment systems co-evolve with the economies. So if you’re an oil-dependent economy, there is a certain way in which your economy is structured. And so you get a certain kind of payment system like the banking system in Nigeria. But if you’re a service-based industry like Kenya where you have tourists paying all the time, you need then a system like M-Pesa. And that’s basically what we
