M-PESA

Changing lives in a changing world

 

It’s the small things that often make a world of difference. A practical solution using mobile networks as the vehicle for transferring money might sound a simple concept to many of us, but it’s transforming millions of lives in a way no-one believed possible.

Banking facilities can be scarce in some geographic regions, particularly in rural areas and many people without bank accounts find it difficult or expensive to transfer money through traditional banking services. Carrying cash instead of being able to affect electronic transfer also poses a security risk.

That’s where M-PESA comes into play. It is an award-winning mobile money transfer service that we have launched in Kenya, Afghanistan and Tanzania. The phenomenal take-up of M-PESA is clear evidence that innovative, yet simple and practical solutions really do make a difference where it counts. In Kenya alone, it is estimated that almost a quarter of the population now uses M-PESA.