It’s still early days for M-PESA in Kenya, but things are looking good. Since its formal launch on 6th March:
- People have been registering at the rate of around 1,600 per day;
- There are now around 60,000 registered customers;
- Approximately $2.5 million was sent person-to-person in the first nine weeks of operation; and
- On a random day recently, more than $157,000 was deposited with M-PESA agents.
Now, in world financial services terms these might seem like small numbers, but remember these are poor people in a developing country and the system is only just rolling out. Nevertheless, with 1,600 people registering every day, the curve looks good.
These opinions are my own (I think) and presented solely in my capacity as an interested member of the general public [posted with ecto]