Too Long; Didn't Read
The concept of mobile money solution was introduced in Kenya in 2007 by two mobile network operators, namely Safaricom and Vodafone. Today, mobile money has expanded its reach in developing markets in Africa, Asia, and Europe by more than 61 percent. By 2030, more than 2 billion people, who make up 40 percent of the world's adult population, will save and transact money through their phones. The rise in online shopping has completed transformed the mobile money as the eCommerce stores offer an option to store money in their e-wallets.