The birth of M-Pesa: how Kenya invented mobile money
In the early 2000s, Kenya had a banking problem that most of the world had simply accepted as permanent. By 2006, the country’s 41 commercial banks had managed to build just 450 branches and 600 ATMs to serve a population of 36 million people — fewer than two branches per 100,000 Kenyans. Only 18 percent … Read more