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THE ECONOMICS PIONEERS
SIM Cards, Mobile Phones and Financial Inclusion : The Invigorating Case of mPesa
In 2007, Safaricom, a Kenyan mobile operator, launched mPesa in the country as a potential alternative for accessing financial services for the vast Kenyan population. Today, it has revolutionized financial access for millions in Sub-Saharan Africa, expanding as we go, and challenging the obstacles posed by traditional methods of financial transactions, empowering many with newfound financial independence. In this article, written by Khushi Sinha, we explore mPesa as a living testament for the sheer power of fintech in revolutionizing and determining future patterns of inclusive finance.
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