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M-PESA, Mobile-phone based Money Transfer Service

by on Dec 24, 2012

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M-PESA (Swahili term for Mobile Money) is the name of an innovative mobile-phone based money transfer service sponsored by DFID in 2003–2007 and developed for Vodafone and its partners. M-PESA ...

M-PESA (Swahili term for Mobile Money) is the name of an innovative mobile-phone based money transfer service sponsored by DFID in 2003–2007 and developed for Vodafone and its partners. M-PESA system enables its users who do not have bank accounts to: (i) deposit and withdraw money, (ii) transfer money to other users and non-users and (iii) pay bills. M-PESA is highly popular in the remote areas because of its accessibility by the rural population.

M-Pesa provides access to formal financial services for livestock markets in Kenya and significantly improved the ability of the market’s actors to better manage their businesses.

The present case study was developed within the framework of an IFAD/Procasur project: the Learning Route on Innovative Livestock Marketing from Northern to Eastern Africa that took place in Kenya from the 27th of February to the 9th of March 2012. To achieve the main and specific objectives of the Learning Route, five (5) host cases were identified as best practices and innovations in the region by advisors and experts within the livestock sector. For each host case, the knowledge and learning systematized around specific themes was collected and redacted in a case study document.

[Originally posted on http://www.cop-ppld.net/cop_knowledge_base]

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M-PESA, Mobile-phone based Money Transfer Service M-PESA, Mobile-phone based Money Transfer Service Document Transcript