Hidden Valleys

The World's Largest Mobile Pay Network Is ... in Kenya?

April 24 (Bloomberg) -- How is a third world tech country paving the way when it comes to the future of mobile banking? 90 percent of Kenyans use their phones to access the internet and M-Pesa is bringing mobile banking to the nation. Bloomberg's Jon Erlichman explains.

When it comes to mobile banking, Kenyans are the early adopters. About 90 percent of the people in the developing nation access the Internet using mobile phones. Combine that with the popularity of mobile banking service M-Pesa, and Kenya is leading the way. Bloomberg's Jon Erlichman reports.

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