“Nobody stands to benefit quite like Africa’s increasingly powerful telecom companies, the conglomerates who built this continent’s cellular towers and enable its calls.
â€œThese guys are going to be more powerful than Google, more powerful than Microsoft, within the locality in which they operate,â€ Amankwah said. â€œAlready, telecoms move more money than the banks. And they have control over the channels â€” it’s their sim card. You’re using their network.”
Global Post reports on how millions in Ghana are entering the banking system through mobile phone system.