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November 24, 2012 10:00 am GMT
Editors Note: Vanessa Clark is the co-founder of Mobiflock, a mobile safety and security company offeringparental control services for smartphones and tablets. She is involved in the mobile industry in Africa.Zimbabwean Tawanda Kembo, 25, has been employed for more than two years but still doesnt qualify for a credit card. This is the result of banking restrictions on issuing credit cards, he says, and around 70 percent of his fellow Zimbabweans are in the same boat. This is not unusual across the entire African continent, which has a similar unbanked or underbanked rate, according to the World Bank.
Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/eJXJm7NGiXQ/
The Need For Mobile Money Spawns A Startup Ecosystem Across Africa
Editors Note: Vanessa Clark is the co-founder of Mobiflock, a mobile safety and security company offeringparental control services for smartphones and tablets. She is involved in the mobile industry in Africa.Zimbabwean Tawanda Kembo, 25, has been employed for more than two years but still doesnt qualify for a credit card. This is the result of banking restrictions on issuing credit cards, he says, and around 70 percent of his fellow Zimbabweans are in the same boat. This is not unusual across the entire African continent, which has a similar unbanked or underbanked rate, according to the World Bank.Original Link: http://feedproxy.google.com/~r/Techcrunch/~3/eJXJm7NGiXQ/
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