With M-Pesa, women can take greater control over their own and their family’s finances.
in kenya, research estimated that with mobile money access through m-pesa, 185,000 women have been able to switch from subsistence farming to business or sales as their primary occupation. in addition, the research also found that m-pesa has helped lift 194,000 households, or 2% of kenyan households, out of poverty. we estimate that 16.9 million women were actively using m-pesa in 2018, accounting for 46% of our m-pesa customer base.
goal 10 of the un sdgs is to ‘reduce inequality within and among countries’. within this, target 10.c is to reduce the cost of sending remittances to less than 3% of transaction costs by 2030. this has already been met by m-pesa in those markets where it has regulatory approval to offer outbound remittances.
in kenya this year, in partnership with western union, we launched m-pesa global. this service allows m-pesa customers to send and receive money across 200 countries and territories. m-pesa also continues to expand its partnerships across the globe for inward remittances, helping migrants and their families receive their money in a fast, secure and convenient manner.
M-Pesa is Africa’s most successful mobile money service