South Africa: Looking for Mobile Money V2.0 - South African Start-Up Ukheshe Wants to Become the Universal Way of Doing Payments for the Informal Sector

INNOVATION
[Balancing Act] London -Getting beyond basic mobile money services to mobile money V2.0 is difficult. Those that have the money have smartphones and those who don't have basic phones. The product needs plenty of functionality and the ability to straddle these two very different broad market segments. Russell Southwood spoke to Mike Smits, co-founder, uKheshe and Director, Jini Guru about how uKheshe is working out in the country that has largely rejected mobile money services.


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