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World borrows a leaf from M-Pesa as mobile money services spread
A Safaricom agent transacts on the M-Pesa money transfer service which has become lucrative for agents and moves billions of shillings every day. FILE PHOTO | NMG
The world is borrowing a leaf from Kenya’s M-Pesa innovation, with mobile money moving an equivalent of Sh100 billion ($1 billion) globally every day.
This is indicating that the mobile money sector is having a demonstrable impact on the effort to extend access to financial services and to provide a gateway to the digital economy.
