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"Mobile phones could not work in Africa without prepaid because it's a cash society," says Mo Ibrahim, the Sudanese businessman who established Celtel, a pan-African mobile group now owned by Zain, based in Kuwait.
That is why loved ones of those without prepaid funerals are urged to let someone make arrangements on their behalf.
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FOR the millions of Americans without bank accounts, prepaid cards also called stored-value cards could be the next-best thing.
Members of the committee debated two measures — redeeming Fed-held securities as they mature or are prepaid, without reinvesting the proceeds, and selling the securities it holds before they mature — that would reduce bank reserves and shrink the balance sheet.
It was sold again a couple of years later, to a not fondly remembered out-of-town couple who, in the fall of 1990, abruptly halted publication and vanished without bothering to refund prepaid subscriptions.
In the U.S., U.K., and other developed markets, teens and those without credit cards buy prepaid Facebook Credits gift cards at retail stores, and redeem them to make in-app purchases.
To reap its share of allowance money from players without credit cards, Sony is selling prepaid Free Realms cards at stores like Wal-Mart, 7-Eleven and Target.
Without access to conventional financial services, people turn to bill pay, prepaid debit cards and check cashing services, and payday loans.
Many people have already made Internet-based phone calls without noticing the difference, for example, when they used some phone credit cards or prepaid phone cards, Mr. Machi said.
But there are prepaid cards and prepaid cards.
So card companies are offering "prepaid" cards in effect, debit cards that can be loaded with money (at petrol stations, convenience stores and the like) without a bank account.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com