M-Pesa - Wikipedia
M-PESA (M for mobile, PESA is Swahili for money) is a mobile phone-based money transfer service, payments and micro-financing service, launched in 2007 by Vodafone and Safaricom, the largest mobile network operator in Kenya. [1]
M-PESA: Why The World’s First Large Mobile Payment Platform ... - Forbes
2024年6月11日 · A staggering 59% of Kenya’s GDP flows through M-PESA, the country’s dominant mobile payment system. That amounted to 20 billion transactions during 2023. A quick comparison with PayPal helps to...
Popular payment methods in Kenya 2024: Cash and M-Pesa lead …
2024年12月18日 · The growth of card payments in Kenya has been sluggish. In the 10 months leading to October 2024, total card transactions—including POS payments and ATM withdrawals—amounted to $355.8 million (KES 46 billion). While this figure is substantial, it lags behind mobile money, reflecting Kenya’s strong preference for mobile wallets.
How M-Pesa, Kenya’s mobile money banking, transformed the …
2020年9月11日 · First taking off in Kenya in the early 2000s, cellphone-based banking in the country has in many ways surpassed payments systems we have in the US. Research suggests that the fast spread of...
What Is M-Pesa? Definition, How the Service Works, and Example
2023年6月21日 · M-Pesa is a mobile banking service that allows users to store and transfer money through their mobile phones. M-Pesa was introduced in Kenya as an alternative way for the population of the...
The fierce battle for Kenya’s Sh21.7bn daily mobile money payments
2023年9月1日 · Analysts say the introduction of the bank-led paybill numbers as a rival to the paybill and ATM numbers provided by telecoms companies represents a new frontier in the battle for the country's vast mobile money payments landscape.
The role of mobile money in Kenya's economy - Sharp Daily
2024年12月18日 · Kenya is globally recognized for its pioneering mobile money system, M-PESA, which has become a cornerstone of the country’s economic framework. Mobile money has revolutionized financial inclusion, providing millions of Kenyans with access to financial services.
M-PESA: how Kenya revolutionized mobile payments
2018年4月9日 · In fact, if we look back at the history of mobile payments — we’re actually playing catch up. Since 2007, Kenya’s M-PESA has revolutionized the way people spend, save, and send money. And it all started (somewhat) by accident.
M‐PESA was developed by mobile phone operator Vodafone and launched commercially by its Kenyan affiliate Safaricom in March 2007. M‐PESA (“M” for mobile and “PESA” for money in Swahili) is an electronic payment and store of value system that …
Kenya and the original mobile payment service - Adyen
2019年6月5日 · With its mature market of mobile payments and a growing ecommerce sector, now is the time for businesses to expand their offering into Africa. We’re excited to be among the first global payment service providers (PSPs) to go live in Kenya and offer M-Pesa.