Bankele's post on money transfer within Kenya shows how mobile phone technology transforms the financial sector in Africa, “With cell phones this is already happening but it's just not formalized. The Option – Safaricom's free magazine publication has a letter to the editor this month from Joe Nickson of Kerugoya (central Kenya) who paid his fare in a matatu (bus) by transferring 50 shillings airtime to the conductor's phone and he received 30 shillings actual cash as change.
Airtime offers many more possibilities – 7 million cell phone (including more post-paid cell phone customers) vs. 100, 000 credit card users in Africa.”