Great article and so very right. You forgot to mention International Money Transfers! M-Pesa's contribution to the world of Remittances is huge. And now these mobile-to-mobile remittances are going across borders in Africa as regulators understand the importance of mobile wallets & financial inclusion... even though some banks are complaining. In Latam regulators haven't allowed Telcos to operate their mobile money solutions without a Bank as part of the equation.