More Than Just Minutes: Mobile Banking in Kenya

MediaGlobal Features CFSP's Suri & Townsend
September 14, 2011

Media Global News

CFSP member Tavneet Suri and Faculty Director Robert M Townsend, were quoted in an article highlighting the spread of M-PESA and written by Morgan Campbell.  The article explains how mobile money is changing the face of financial transactions in Kenya and notes the ongoing research by Suri, coauthor William Jack of Georgetown, and Townsend.  “The growth is striking if you compare it to the growth of technology in the US, it’s much faster,” said Suri.  “My assessment of M-PESA is that it can be viewed as positive development in facilitating the transfer of purchasing power," added Townsend.  

Photo by Sree Papineni