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Ah I guessed right. Regulations are the reason why this is not done well in other countries.

Anyhow, m-pesa is right thing done in right place. Props to Kenya!



Yes. I was thinking at some similar service. With a bank (regulations), you go there, make a deposit for $10 and you will have $10 in your account. With a mobile operator (no bank regulations) if you give them $10 for anything (like pre-paid credit) they will have to charge you VAT for that amount. So what you want is a mobile operator that can take your money but not apply VAT.




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