World borrows a leaf from M-Pesa as mobile money services spread

A Safaricom agent transacts on the M-Pesa money transfer service which has become lucrative for agents and moves billions of shillings every day. FILE PHOTO | NMG

What you need to know:

  • M-Pesa exemplifies the innovative approach that mobile money providers are taking to develop payment platforms.
  • Recently, Google integrated M-Pesa as a form of payment into its App Store making it easier for Kenyans to make purchases.
  • This has made Google Play as one of the first among global e-commerce sites to adapt to mobile money.

The world is borrowing a leaf from Kenya’s M-Pesa innovation, with mobile money moving an equivalent of Sh100 billion ($1 billion) globally every day.

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