>It worked because it solved a real problem: Kenyans were already sending money through informal networks. M-PESA just made it cheaper and safer.
>Here’s why this matters: M-PESA created a payment rail with near-zero transaction costs. Which means you can economically collect tiny payments. $0.21 per day payments.
>Here’s why this matters: M-PESA created a payment rail with near-zero transaction costs. Which means you can economically collect tiny payments. $0.21 per day payments.