8 Top Fintech Solutions Changing How People Live In Africa

Written by Lillian Mutiso


Mpesa means M for mobile and Pesa, Kiswahili for money and was started by global mobile phone operator, Vodafone through its commercial associate Safaricom. It was introduced into the Kenyan market in 2007. It is a mobile money transfer service that enables customers to send and receive money, pay bills and attend to other tasks by electronically paying for goods and services. It also helps subscribers to save money and access micro-loans.