M-PESA was launched nine years ago. Today almost every single household in Kenya uses it. Most Kenyans didn’t have access to traditional banks before. Which already makes mobile banking a game-changer.
Now scientists say there could be an extra benefit for poor customers: Mobile banking might lift people out of poverty.
Source: New M-PESA Study From Kenya: Can Mobile Banking Lift People Out Of Poverty? : Goats and Soda : NPR