Kenya is a relatively bad example. While a lot of people are underbanked mobile banking and - payments took off in a spectacular way.[1]
It's probably easier to transfer funds via M-Pesa then from a bank account in Delaware to a bank account in Detroit
And, at least in theory, America is a wealthy country without any borders.
You’re right. I find it stupendously easy to move money within/into Kenya.
I can easily pay a street seller from my US bank account, directly to his/her phone, in seconds.
Pains me to say this because I had this international bank/credit card to M-Pesa transfers idea a decade ago, a professor dissuaded me from pursuing it.
5 years later, a bunch of services launched and many are thriving.
So if this happens, it might be finally the time I ditch the iPhone brand.
There’ve also been anecdotal reports of bluetooth worsening migraines in people prone to them.