Friday, December 23, 2016

Banker bot saves Kenya

Alt-M: In their recent study “The long-run poverty and gender impacts of mobile money,” Tavneet Suri and William Jack assess mobile money’s contribution to poverty alleviation in Kenya, the country where the “mobile money revolution” began. Since M-PESA was introduced in March 2007, mobile money has become Kenya’s most popular payments medium. More than 95 percent of businesses and 96 percent of Kenyan households rely on it for their daily transactions. Complementary products like the interest-earning mobile banking service M-Shwari and retail payment platform Lipa na M-PESA have only added to its popularity.
What I been saying. 

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