Mxit Money: new mobile money service from Africa’s largest social network

What’s the future of banking? Well we know that in the future our mobile phones will replace money, and even our credit cards. Why? Because this is the device that is with us all the time and is always connected. But who is going to make this play? The banks? The cellphone operators? The phone manufacturers? Or a mobile social network?

Mxit is taking mobile money and payments quite seriously. Earlier this year the popular instant messaging service rolled out a payment option to restaurants, allowing users to pay for meals using the platform.

Read more on Ventureburn.