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by _djo_ 3848 days ago
M-Pesa has entered Congo and it and other mobile money solutions have already become one of the primary mechanisms by which soldiers are paid. It's credited with reducing corruption by middle-men and senior officers who have skimmed money from salaries in the past. [0]

M-Pesa is offered there by Vodacom DRC [1], the other main players are Airtel Money from Bharti Airtel and Tigo Cash from Tigo. In some cases there are cross-carrier agreements, such as the one between Vodacom/Vodafone and MTN which allows people to exchange M-Pesa and MTN's Mobile Money in any of the countries in which Vodacom/Vodafone and MTN operate across Africa.

But while mobile money has its advantages, especially in the country's more volatile East, the administration in Kinshasa still prefers to promote regular bank accounts for its civil servants because of the knock-on economic benefits from growing the country's formal banking sector.

[0]: http://www.newstatesman.com/2014/04/will-eastern-congo-see-f...

[1]: https://www.vodacom.cd/Entreprise/home/m-pesa/m-pesa