M-Pesa

M-Pesa is a mobile money transfer service that allows users to send and receive money, pay bills, and access financial services using their mobile phones. It is especially useful in areas with limited access to banks, providing a secure and convenient way to handle finances without needing a traditional bank account. Users deposit cash into their M-Pesa account at authorized agents, then can transfer funds digitally to other users, pay for goods and services, or withdraw cash at agents. M-Pesa promotes financial inclusion by making financial transactions accessible to a broader population.