CS 12.1 M-Pesa Flashcards
1
Q
How does M-Pesa work (3)
A
- Allows credit to be directly transferred between users
- Compared to the expensive, cash-only deals before
- Which were rife with robbery and corruption
2
Q
Access to mobile payments (1)
A
- 93% of Kenyans have access to mobile payments.
3
Q
M-Pesa Benefit Stat (4)
A
- Enabled 185,000 women
- To move out of subsistence farming
- Into business/sales
- As they can better manage financial resources
4
Q
Why M-Pesa was such a success (4)
A
- Many Kenyans who work in cities
- Have relatives still living in rural regions
- Which lack the infrastructure to send cash by post
- Therefore, M-Pesa allows for easy remittances
5
Q
M-Pesa Stat (2)
A
- 14 million bank accounts have been opened in Kenya
- Now operates in 10 countries, inc Egypt and Ghana
6
Q
M-Pesa Launch (2)
A
- Launched in 2007
- By Safaricom
