The increased use of mobile money services has lifted two per cent of Kenyan households from extreme poverty in the past nine years, according to a new study conducted by Massachusetts Institute of Technology scholars.
Investigating the financial and social impacts of mobile money transfer services on Kenyans since 2008, economists Taveet Suri and William Jack say that the services have increased daily per capita consumption levels of many poor homes from survival level of less than Sh125 ($1.25) a day.
