M-PESA is a mobile money service that allows users to send and receive money, pay bills, buy goods and services, and access financial products using their mobile phones. It was launched in Kenya in 2007 by Safaricom, the leading mobile network operator in the country, in partnership with Vodafone.
Since then, it has grown to become the most widely used mobile money platform in the world, with over 40 million active customers and 200,000 agents across Kenya. M-PESA has had a profound impact on the lives of millions of Kenyans, especially those who were previously excluded from the formal financial system. It has enabled them to access convenient, affordable, and secure financial services that meet their daily needs and aspirations. It has also created new opportunities for entrepreneurship, innovation, and social development.