Your mother borrows $20 from the neighbor to support you. You quickly save it on your phone. But the next day, your sister calls. She heard mother gave you some money--she asks you to use mobile money bill pay to help with her electricity bill.
What should you do?
Agent fees mean it costs money to save money--and less saving. But you don't want to risk theft. You decide to open an account.
"Money is only real if you can hold it in your hand," mother would say. You've always saved at home safely. Paying to save is backwards!
Related findings factor Historical Roots Of Monetary Transactions
