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Kenyans have integrated M-PESA into their daily routines, using it for everything from paying utility bills to buying groceries. The simplicity and security of the service have led to nearly 90% of adults in Kenya engaging with this mobile money platform—a staggering 19 million people. The knowledge that you can carry a bank in your pocket has not only bested logistical challenges but unlocked a more convenient lifestyle.
Financial Impact and Innovations
The success of M-PESA has birthed a wave of innovations and inspired the establishment of various tech startups in Kenya’s burgeoning tech scene, often referred to as the "Silicon Savannah." Services have emerged that allow for salary payments, savings accounts, and even small loans, revolutionizing how Kenyans conduct business.