Africa fintech: How do pirates take payments?

In Africa, digital payments are still the future, not the present.

In 2009, the MV Maersk Alabama, a cargo ship travelling from Salalah in Oman to Mombasa in Kenya, was hijacked by Somali pirates a couple of hundred miles south east of the ancient port town of Eyl in Somalia.

Four pirates stormed the ship, eventually capturing the captain, taking him away in a life boat and demanding a ransom in exchange for his safe return. Inside the ship, there was $30,000 kept in a safe, which the pirates managed to seize.

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