Sente - Ah! The Connected Intelligence in Uganda
If there is one word to characterize this innovation that is happening in the Edge, it would be Beautiful!!!
The clever Ugandan folks at the bottom of the Pyramid, have figured out how to use the Mobile Phone System as a Banking System.
Check this Sente Phenomenon out,
"Joe lives in Kampala and wants to send his sister Vicky 10,000 Ugandan Shillings - about 4 Euros. He buys a pre-paid top up card for that amount but instead of topping up his own phone calls the local phone kiosk operator in Vicky's village. The phone kiosk operator uses the credit to top up his own phone, takes a commission of anywhere between 10 and 30% and passes the rest onto Vicky in cash. The kiosk operator then resells the airtime at a profit (it is after all his business)."
