Tag: M-PESA

The power of mobile money

Sep 24, 2009

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by

mwkruse

in Economic Development, Economics, Poverty, Technology (Digital, Telecom, & Internet)

Economist: The power of mobile money Mobile phones have transformed lives in the poor world. Mobile money could have just as big an impact. ONCE the toys of rich yuppies, mobile phones have evolved in a few short years to become tools of economic empowerment for the world’s poorest people. These phones compensate for inadequate…
Unserved by banks, poor Kenyans now just use a cellphone

Oct 18, 2007

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by

mwkruse

in Africa, Economic Development, Microenterprise, Poverty, Technology (Digital, Telecom, & Internet)

Christian Science Monitor: Unserved by banks, poor Kenyans now just use a cellphone Service allows individuals to transfer cash and conduct business across long distances. Nairobi, Kenya – With a click of a cellphone key, Bernard Otieno makes the transfer – sending funds instantly from his residence in a sprawling Nairobi slum to his wife,…