PharmAccess mobilizes public and private resources for the benefit of doctors and patients through clinical standards and quality improvements, loans for healthcare providers, health insurance, mHealth innovations and operational research.
PharmAccess mobilizes public and private resources for the benefit of doctors and patients through clinical standards and quality improvements, loans for healthcare providers, health insurance, mHealth innovations and operational research.
M-PESA mobile money transfer service
Kenya leads the world in using mobile money with M-PESA, launched in 2007 by mobile-network operator Safaricom. M-PESA (M stands for mobile, PESA is Swahili for money) is a mobile phone-based money transfer service. It allows users to transfer money and pay for goods and services (Lipa na M-PESA) easily with a mobile device. M-PESA has a household penetration of 96%: In May 2016 over 23 million Kenyans had an M-PESA account, of which 16.6 million customers used M-PESA at least once a month. Over 6 million transactions were carried out daily using the system. In 2015, it was estimated that an equivalent of 42% of Kenya’s GDP value was transacted through M-Pesa.
As a result of the rise of M-PESA and other mobile innovations, Kenyans and other Africans can, with a simple click of a button, send digital money across mountain ranges and savannahs. Farmers can use their mobile phones to access important weather data. Traders can compare the most current prices.
