18/03/2023
M-Pesa mobile payment system. M-Pesa was launched in 2007 by Safaricom, Kenya's largest mobile network operator, and has since become a game-changer in the world of mobile banking.
The M-Pesa system allows users to transfer money, pay bills, and purchase goods and services using their mobile phones, without the need for a bank account. This has been particularly transformative in Kenya, where many people have limited access to traditional banking services.
In 2019, M-Pesa had over 20 million users in Kenya alone, and had processed over 11 billion transactions
