Fundamo diaries: launching the world’s first mobile money service in Africa [Part 1]

The following article is part of a series of extracts from South African entrepreneur Hannes Van Rensburg’s upcoming book, Cash In, Cash Out. The founder and CEO of the fintech company, Fundamo, recalls the events that have helped shape the world’s mobile banking industry as we know it as well as those leading up to the company’s exit to Visa for a whopping US$110-million.

In this article, Van Rensburg details Fundamo’s launch of the world’s first mobile financial service in a developing economy through Celpay Zambia in 2002.

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