In Kenya, Securing Cash on a Cell Phone

BusinessWeek Cites CFSP Suri's Research
September 8, 2011

Bloomberg Businessweek

Brendan Greeley and Eric Ombok recently highlighted research completed by CFSP member Tavneet Suri of MIT and co-author William Jack of Georgetown.  The article explores the growing use of M-PESA, the mobile banking system of Kenya, and how its advent is affecting savings among Kenyans.  The article also discusses how this growing usage influences the formal banking system and raises questions of whether or not to regulate these funds.

Photo by Alissa Everett courtesy of Bloomberg Businessweek