Username: LuckyWoman Rating: Asked to: Tom Burke Date Created: 11 May 2018 |
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Category | 28 |
Tag | Financial |
Question | Please give the definition of 'M-Pesa'. |
Hello LuckyWoman, M-Pesa is a mobile banking service that allows users to store and transfer money through their mobile phones. M-Pesa was originally introduced in Kenya as an alternative way for the unbanked population of the country to have access to financial services. Safaricom, the largest mobile phone operator in Kenya as of 2016, launched M-Pesa in 2007. M-Pesa is a blend of two entities where M means mobile and Pesa means payment in the Swahili language. |
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