In October 2007, hardly eight months after mobile money transfer service M-Pesa was launched, he went to his photocopying shop. Using the money from the photocopying business, he decided to try the idea. From that one outlet, the business started to grow at a pace he had not anticipated. “Many people wanted to send money to their relatives and friends and the only convenient way was through M-pesa. As of December 2016, we do a minimum of Sh400 million every month,” Mr Wababu told Financial Standard.

Source: Standard Digital June 13, 2017 05:35 UTC