Question

 What are reasons for the increased use of M-Pesa among Kenyans today

Answer 1

Advantages of M-pesa

• Saves time – Mpesa shops are available everywhere.
• Withdrawing any time – as long as the shops are opened.
• Conveniently placed – in all towns.
• Access to account balances / extra information – through phone.
• Can pay utility bills – e.g. electricity bills.
• Can deposit any time – as long as the shops are opened.
• M-pesa can be used to buy goods and services – in a shop / petrol station.
• Cheaper to operate – less charges.
• Safer to use – has private pin / password.
• Withdrawals can be done for oneself behalf – with an ID.
• Can deposit money in the bank account – through M-banking.
• Can withdraw money from the bank – through M-banking.