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Economics

The Economics of Financial Inclusion and Mobile Money

Quick fact

When M-Pesa launched in Kenya in 2007, it quickly reached 87% of Kenyan households by 2016, and studies show it helped lift an estimated 2% of Kenyan households (about 194,000) out of extreme poverty.

Why this is interesting

You probably take for granted the ability to transfer money instantly. But what if a simple text message could transform the economy of an entire country—and reduce poverty for millions?