Fintech and MPESA: What Mobile Money Means
MPESA, the Swahili word for money, is Kenya’s mobile money system developed by Safaricom. It has literally transformed the ability for people to work, save, pay for everything from groceries, bills, rents, and everything else. Kenya reports that use of MPESA has helped to lift 186,000 families out of poverty. That is nearly 2% of…
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