Discover this podcast and so much more

Podcasts are free to enjoy without a subscription. We also offer ebooks, audiobooks, and so much more for just $11.99/month.

Breaking Banks: Mobile Money in Kenya

Breaking Banks: Mobile Money in Kenya

FromAmerican Banker Podcast


Breaking Banks: Mobile Money in Kenya

FromAmerican Banker Podcast

ratings:
Length:
53 minutes
Released:
Feb 10, 2017
Format:
Podcast episode

Description

MPESA, the Swahili word for money, is Kenya’s mobile money system developed by Safaricom.   It has literally transformed the ability for people to work, save, pay for everything from groceries, bills, rents, and everything else.  Kenya reports that use of MPESA has helped to lift 186,000 families out of poverty.  That is nearly 2% of the entire population.  And it has helped wealth grow across the board, helping to develop a stronger middle class. Today, Breaking Banks tells the story of MPESA, and how it came to partner with banks, particularly KCB,  to give all people access to banking services, to easy movement of their money, increasing their ability to save and build wealth in their lives.
Released:
Feb 10, 2017
Format:
Podcast episode

Titles in the series (100)

Thoughtful discussions about current topics, moderated by American Banker editors.