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Business Daily Africa – the international window into East African business opportunities – Safaricom profit sparks price war in voice telecoms marketM-pesa, a money transfer service, has generated $7.5 million for Kenyan mobile phone operator Safaricom in three months since introduction. It’s not hard to believe that this business could eliminate traditional money transfer very quickly.
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I see M-Pesa as more of a threat to debit (and possibly credit) cards.