““If you want to live in a cashless society, where most consumers and merchants are using their mobile phones for payments and other financial services, pack your bags and head to Somaliland or a few other destinations that are as long on mobile payments as they are short on 3 star Michelin restaurants.”
– Dr. David Evans, Why Apple Pay Is Fizzling
If you ask the man on the street what they think of when they hear the phrase “mobile payments,” many would say Apple Pay, some might say Silicon Valley, while others might reference something about paying with their phone. It’s unlikely, however, that “Sub-Saharan Africa” would make most people’s Top 5 — or even their Top 3.”
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