Top Highlights

• Third, the development and application of information capital (credit scores) for participants in this technological platform arose as companies started using the M-Pesa payment data including travel and communication patterns to determine the risk profile of customers and offer them loans at affordable rates, eliminating information asymmetry inhi...
• M-Pesa technological platform has revolutionized financial inclusion in Kenya to reach over 75 percent of the population and increase financial access touch points: 76.7 percent of the population are within five kilometers of a touch point, and there are 161.9 financial access touch points per 100,000 Kenyans compared to 63.1 in Uganda, 48.9 in Tan...
• In successful cases of DFS, regulators in telecos, central banks, and even competition encouraged adoption and use by steering a favorable environment for new products and enhancing their credibility
• Kenyan case, by bringing the financially excluded into the banking system, it has enhanced consumer protection and has created a better environment for monitoring anti-money laundering (AML) and combating the financing of terrorism (CFT). More importantly, it has created a better environment for monetary policy
• n this regard, innovators and entrepreneurs will find it easy and rewarding to operate and thrive in such a market and a regulatory environment

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