Banking the African way…

When a need is not satisfied, desperate people will search and invent a solution.
And so, the African mind has solved its banking problem. Ingenuous really.
They now use the cell phone to pay each other.

You buy cell phone time at your Cell phone provider. When you need to pay someone, you just transfer the equivalent amount to the other person’s cell phone.
Bingo, you bypassed the bank, Vat etc. and you don’t need to carry loads of cash on you.
Your phone has become your bank!

Fantastic.