M-PESA: Finding new ways to serve the unbanked in Kenya

Susie Lonie

No 18(8), 2020 vision briefs from International Food Policy Research Institute (IFPRI)

Abstract: Over the past three years, payment strategies for emerging markets have been revolutionized by the advent of a simple cell-phone-based payment service in Kenya called M-PESA (“M” for “mobile” and “pesa” for “money”). From a small-scale pilot program in 2006, M-PESA has become an outstanding success in Kenya; customer response has been unprecedented. Currently, more than 9 million Kenyans use M-PESA to perform tens of millions of transactions every month throughout the country. Although this success has led to new opportunities, it has also brought about many unforeseen challenges.

Keywords: M-PESA; Mobile Phone; rural areas; rural banking; safe money transfers; small-scale pilot programs (search for similar items in EconPapers)
Date: 2010
New Economics Papers: this item is included in nep-afr and nep-mfd
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.ifpri.org/sites/default/files/publications/focus18_08.pdf (application/pdf)
Our link check indicates that this URL is bad, the error code is: 404 Not Found (http://www.ifpri.org/sites/default/files/publications/focus18_08.pdf [301 Moved Permanently]--> https://www.ifpri.org:443/sites/default/files/publications/focus18_08.pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:fpr:2020br:18(8)

Access Statistics for this paper

More papers in 2020 vision briefs from International Food Policy Research Institute (IFPRI) Contact information at EDIRC.
Bibliographic data for series maintained by ().