Tag Archives: mmoney

Cash In, Cash Out Kenya: The Role of M-PESA In The Lives Of Low-Income…

Author: Stuart, Guy, Monique Cohen Publication Type: Report/White paper Publication Date: Sep 2011 Publisher/Journal: The IRIS Center at the University of Maryland, College Park and Microfinance Opportunities Publication language: English Abstract: This study examines how low-income Kenyans use M-PESA, that country’s pioneering mMoney service. The study focuses on (1) the value of M-PESA to low-income individuals; (2) the most likely areas for M-PESA’s future growth; and (3) whether M-PESA can serve as a platform for financial services beyond remittances.Taken from the transactions of 92 individuals over eight months, the study found that “cash is king.” mMoney’s share of transactions was less than 6 percent, compared to more that 94 percent for cash. M-PESA is still primarily used to send money home, usually from urban to rural, and cash out almost always happens quickly, often the same day the remittance is received. Respondents did not appear to use M-PESA as a de facto savings account, but the services was an important part of their coping strategies for unusual large expenses, particularly hospital bills.The study looks at ways M-PESA usage mimic cash usage patterns. It also examines the “e-money loop” – the number of times an e-money unit is transferred between being cashed out.

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The FrontlineSMS:Credit Story

M-Pesa agent in Salama, Kenya By Sharon Langevin, FrontlineSMS:Credit Project Manager Mobile money is spreading quickly across the globe. The ability to transfer funds from a mobile handset has been hailed as the key to extending financial services to the base of the pyramid. While a mobile money account is valuable to an individual for securing savings and easy money transfer, there are many ways that the use of mobile money can create efficiency in the operations of organizations.

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International Finance Corporation Mobile Money Study 2011, Summary Report

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Zap It To Me: The Short-Term Impacts of Mobile Cash Transfer Program

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FrontlineSMS:Credit Team Continues Successful Pilot of Payment View

Reposted from the  FrontlineSMS:Credit blog . By Sharon Langevin On the 18th and 19th of October, Erica and I visited Nunguni FSA to officially launch the use of FrontlineSMS + PaymentView , which is currently in closed beta in Kenya and preparing to launch in open beta before the end of the year. After facing the unavoidable traffic of the Nairobi morning commute, we were on our way east.

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Upgrading development: Can technology alleviate poverty?

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Information Economy Report 2011: ICTs as an Enabler for Private Sector…

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Mobile Communications in Zambia

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