Why does Kenya lead te world in mobile money?

Summary and link by Soraiya Shah

The saying is that ‘Money makes the world go round’. Well, in Kenya that is closer to the truth then perhaps anywhere else in the world! M-PESA was launched in 2007 by the country’s local mobile phone operator ‘Safaricom’ and literally translates to ‘Mobile (M), Money (pesa). An incredibly successful story that allows money transfers to take place seamlessly across the country at any time of the day or night and is now being replicated in other countries across the world!

http://www.economist.com/blogs/economist-explains/2013/05/economist-explains-18

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