culled from: theafricareport.com
With money only transferable between customers on the same network, the challenge elsewhere has been in building a user base so big that it is impossible to function without signing up.
Rwanda plans to leapfrog the problem by launching a cross-network money transfer system in 2012, which will make it faster to transfer money in Rwanda than in the Netherlands, central bank governor Claver Gatete told [I]The Africa Report[/I].
In Nigeria, regulators have licensed banks to lead the mobile money roll-out by pairing up with a telecom operator.
The test will be whether the operators believe they are getting a good share of the profits.
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