M-Pesa—”mobile money” in Swahili a pioneering Kenyan cell phone banking service.
Launched last year, it allows users on Kenya’s dominant Safaricom mobile phone network to establish a virtual cell phone bank account, which then can be used to instantly text money to distant family members, pay merchants or utility bills, withdraw cash at M-Pesa ATMs or [...]

December 7th, 2008 | Tags: cell phone bank account, cell phone banking service, kenyan cell phone banking service, m-pesa, mobile banking, mobile money, pay merchants, utility bills | Category: Business and Economy | Leave a comment