Survey on Kenya’s M-PESA Mobile Transfer Service Shows Increased Impact in 2009

November 11, 2010

Microcapital.org

 

Diana Baide of Microcapital.org focuses on the staggering growth rate of mobile banking in Kenya, known as M-PESA.  The reach of M-PESA is becoming increasingly widespread, reaching households, rural areas, and women as part of the clientele.  The impact of this booming shift in banking is the topic of research for Billy Jack of Georgetown University and CFSP member Tavneet Suri of the Massachusetts Institute of Technology (MIT).  “Mr. Jack and Ms. Suri concluded that the program has contributed to better household financial management and has the capacity to partially protect users from the negative consequences of job loss or business failure.”