Is it a Phone, is it a Bank?

4.3.13 Safaricom


Millions of Kenyans send cash through an SMS network called Safaricom. Kenyan has a population of 43 million people. Of that, 19 million are subscribed to this network. The network allows them to do everything from paying electricity bills to school fees, thanks to a simple text-based menu that is accessible on even the most basic mobile phone. To read more, click here.

Tags: Bankable Frontier Associates, Bill Maurer, Commercial Bank of Africa, Institute for Money, M-PESA, M-Shwari, mobile banking, safaricom, Technology and Financial Inclusion, . Bookmark the permalink.

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