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Has Africa Lost Lead in Mobile Payments Innovation, Adoption Race?

 Has Africa Lost Lead in Mobile Payments Innovation, Adoption Race?

From the moment M-PESA launched in Kenya in 2007, Africa was heralded as the undisputed leader in the innovation and adoption of mobile payment services. Today, more than 17 million Kenyans use M-PESA, and in 2013 a full quarter of the country’s GDP passed through the service. However, recent data are beginning to pose the question; is Africa still leading the global mobile payments innovation race?

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