Mobile money: a technological fad or serious economic business?

No one knows

Imagine talking to a friend on the phone while thousands of dollars are pressed to your ears and no one knows it.  It is what mobile money does for you.  A person who utilizes the mobile money service can literally walk around the place with thousands of dollars of cash in hand, but with no sign of the money.  To some people, utilizing the mobile money service might be a status symbol and evidence of technological suaveness.  But the use of mobile money goes beyond the aesthetics of modern technological savvy and stardom.  It is a practical way to deal with real life development problems, particularly among those who are outside of the banking system.  It removes the need to have physical