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   DJM (freelance for hire) (cybeardjm@masto.ai)'s status on Tuesday, 12-Nov-2024 07:26:21 JST DJM (freelance for hire)

   in reply to

   @mekkaokereke @tarheel Mpesa, used in a few countries mostly in East Africa, is Electronic Money on mobile.
   Across the African continent, Mobile Money (based on various mobile operators / MNOs - mobile operators - sometimes interoperable) is used a lot (See GSMA report here https://www.gsma.com/sotir/wp-content/uploads/2024/03/GSMA-SOTIR-2024_Report.pdf )

   I use it to pay bills, groceries, airtime and internet...
   MoMo is regulated by central banks, in a special category: example in UEMOA (West Africa) https://www.bceao.int/fr/content/etablissements-de-monnaie-electronique (in French)