THE EARLY TREND OF DIGITAL ECONOMY WITHOUT INTERNET: AN AFRICAN SUCCESS STORY
DOI:
https://doi.org/10.55640/Keywords:
Digital economy, digital integration, digital infrastructure, going digital without internet.Abstract
Digital economy is a growing trend of modern times and it has been considered that it would not be possible to digitize without the use of internet. However, in the mid-2000s, a telecom company from Africa has shown that digital revolution is possible just with mobile network. The article is about the revolutionary idea of the early 2000s to facilitate money transfer by using a basic mobile phone. The article analyzes the early years of digital economy when use of internet was not prevalent in basic mobile phones in Africa. The article is intended to study about the emergence of ‘M-PESA, the World’s First Large Mobile Payment Platform and its evolution.
References
1.https://www.forbes.com/sites/christianstadler/2024/06/11/m-pesa-why-the-worlds-first-large-mobile-payment-platform-keeps-on-winning/ (Why the world’s first large mobile payment platform keeps on winning)
2.https://newsroom.safaricom.co.ke/innovation/the-m-pesa-wonder-how-it-all-begun/ (Network operator ‘Safaricom’)
3.https://www.bbc.com/news/world-africa-36260348 (Why M-Pesa failed in South Africa)
4.https://datatopics.worldbank.org/financialinclusion/region/sub-saharan-africa (World Bank report on financial inclusion in Sub-Saharan Africa)
5.https://www.finmark.org.za/finscope-south-africa-2015-consumer-survey-launch-presentation/ (Technology Research body on banking system)
6.https://www.netinterest.co/p/m-pesa-and-the-african-fintech-revolution-3c1 (M-PESA and the fintech revolution in Africa)
7.Background on the emergence of ‘M-Pesa’, the world’s first largest mobile payment platform
Downloads
Published
Issue
Section
License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Authors retain the copyright of their manuscripts, and all Open Access articles are disseminated under the terms of the Creative Commons Attribution License 4.0 (CC-BY), which licenses unrestricted use, distribution, and reproduction in any medium, provided that the original work is appropriately cited. The use of general descriptive names, trade names, trademarks, and so forth in this publication, even if not specifically identified, does not imply that these names are not protected by the relevant laws and regulations.
