Swiss Fintech Drives African Banking Revolution by Matthew Allen, SwissInfo.ch
Will a financial revolution follow the Jasmine uprising in Tunisia? A Swiss start-up, Monetas, is proposing just that, saying a new mobile phone payment technology will transform people’s lives there.
Mobile payments are nothing new; more than half of Kenya’s population currently uses the M-Pesa service, for instance. But Monetas claims to have gone a step further by utilising technology akin to blockchain to dramatically reduce costs and enable cross-border transactions.
The Tunisian National Post invited the Zug-based firm to pilot its technology in October in conjunction with local firm DigitUs. Once all integrations with the existing e-dinar system are finalised, the Monetas system will be ready to roll...
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