Innovations in rural and agricultural finance: M-PESA: Finding new ways to serve the unbanked in Kenya

Over the past three years, payment strategies for emerging markets have been revolutionized by the advent of a simple cell-phone-based payment service in Kenya called M-PESA (“M” for “mobile” and “pesa” for “money”). From a small-scale pilot program in 2006, M-PESA has become an outstanding success...

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Bibliographic Details
Main Author: Lonie, Susie
Format: Brief
Language:Inglés
Published: International Food Policy Research Institute 2010
Subjects:
Online Access:https://hdl.handle.net/10568/154572
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author Lonie, Susie
author_browse Lonie, Susie
author_facet Lonie, Susie
author_sort Lonie, Susie
collection Repository of Agricultural Research Outputs (CGSpace)
description Over the past three years, payment strategies for emerging markets have been revolutionized by the advent of a simple cell-phone-based payment service in Kenya called M-PESA (“M” for “mobile” and “pesa” for “money”). From a small-scale pilot program in 2006, M-PESA has become an outstanding success in Kenya; customer response has been unprecedented. Currently, more than 9 million Kenyans use M-PESA to perform tens of millions of transactions every month throughout the country. Although this success has led to new opportunities, it has also brought about many unforeseen challenges.
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spelling CGSpace1545722025-11-06T04:33:20Z Innovations in rural and agricultural finance: M-PESA: Finding new ways to serve the unbanked in Kenya Lonie, Susie microfinance agriculture smallholders rural finance risk management Over the past three years, payment strategies for emerging markets have been revolutionized by the advent of a simple cell-phone-based payment service in Kenya called M-PESA (“M” for “mobile” and “pesa” for “money”). From a small-scale pilot program in 2006, M-PESA has become an outstanding success in Kenya; customer response has been unprecedented. Currently, more than 9 million Kenyans use M-PESA to perform tens of millions of transactions every month throughout the country. Although this success has led to new opportunities, it has also brought about many unforeseen challenges. 2010 2024-10-01T14:02:21Z 2024-10-01T14:02:21Z Brief https://hdl.handle.net/10568/154572 en Open Access application/pdf International Food Policy Research Institute Lonie, Susie. 2010. Innovations in rural and agricultural finance: M-PESA: Finding new ways to serve the unbanked in Kenya. 2020 Vision Focus Brief 18(8). https://hdl.handle.net/10568/154572
spellingShingle microfinance
agriculture
smallholders
rural finance
risk management
Lonie, Susie
Innovations in rural and agricultural finance: M-PESA: Finding new ways to serve the unbanked in Kenya
title Innovations in rural and agricultural finance: M-PESA: Finding new ways to serve the unbanked in Kenya
title_full Innovations in rural and agricultural finance: M-PESA: Finding new ways to serve the unbanked in Kenya
title_fullStr Innovations in rural and agricultural finance: M-PESA: Finding new ways to serve the unbanked in Kenya
title_full_unstemmed Innovations in rural and agricultural finance: M-PESA: Finding new ways to serve the unbanked in Kenya
title_short Innovations in rural and agricultural finance: M-PESA: Finding new ways to serve the unbanked in Kenya
title_sort innovations in rural and agricultural finance m pesa finding new ways to serve the unbanked in kenya
topic microfinance
agriculture
smallholders
rural finance
risk management
url https://hdl.handle.net/10568/154572
work_keys_str_mv AT loniesusie innovationsinruralandagriculturalfinancempesafindingnewwaystoservetheunbankedinkenya