MPESA - cell phone banking
I went to a shopping mall Saturday to get a modem for our lap top so that we can continue to communicate once we leave Nairobi. I could hardly get into the Safaricom store past the long line of people depositing their weeks pay to their cell phone. For folks that have never had a bank account, this service, called MPESA, is a revolution. They used to hide this money in a mattress. Now they have a safe place to store it.
But it gets better. MPESA allows you to transfer money from cell phone to cell phone. It is like a free wire transfer service. Your can buy items in a store and charge them to your phone. You can pay all your bills like we do with on line banking. The phone also becomes your ATM at any Safaricom store which seem to be located every 50 feet in this country.
MPESA is a great example of technology opening opportunities and changing lives.
I thought it was so cool, I had to buy a phone.
I went to a shopping mall Saturday to get a modem for our lap top so that we can continue to communicate once we leave Nairobi. I could hardly get into the Safaricom store past the long line of people depositing their weeks pay to their cell phone. For folks that have never had a bank account, this service, called MPESA, is a revolution. They used to hide this money in a mattress. Now they have a safe place to store it.
But it gets better. MPESA allows you to transfer money from cell phone to cell phone. It is like a free wire transfer service. Your can buy items in a store and charge them to your phone. You can pay all your bills like we do with on line banking. The phone also becomes your ATM at any Safaricom store which seem to be located every 50 feet in this country.
MPESA is a great example of technology opening opportunities and changing lives.
I thought it was so cool, I had to buy a phone.
Labels: Technology, Visiting Kenya







