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The success of the M-Pesa mobile money system in Kenya is attracting the attention of development experts, aid organizations and companies seeking to replicate its effectiveness.

An award-winning advertisement for M-Pesa shows money flying from a smiling son's mobile phone, handled from his luxurious city desk, into his mother's cell phone, which she keeps in a sash while toiling at a field in the countryside.

"Now you can send M-Pesa fast and safe using Safaricom's new service M-Pesa," says the M-Pesa advertisement. It continues, "It is the new reliable way to send and receive money using your mobile phone. Visit your nearest M-Pesa agent today. Terms and conditions apply."

Mobile money

M stands for mobile and Pesa is Swahili for money. Safaricom, an affiliate of British-based Vodafone, is Kenya's leading mobile network operator.

M-Pesa was initially designed with help from the British Department for International Development as a tool for micro-finance. It was then developed and fine-tuned in Kenya as mobile money for the general population.

Another video circulating on the Internet, with sweeping music and equally sweeping landscapes, is this documentary which praises M-Pesa, now in its fourth year of commercial existence. The movie also tells the story of goat seller Emmanuel Sironga.

"As pastoralists, we have to travel long distances in search of greener pasture," said Sironga. "M-Pesa has made our lives easier."

M-Pesa allows users to send money to others through their mobile phones, and pay more and more items, from bills, to groceries, school fees, hotel bookings and even salaries and taxi fares. Digital amounts are exchanged for cash at any of the 25,000 M-Pesa agents or at banks and ATMs.

Valuable services

Deposits are free, but there are fees attached to transfers and withdrawals. Person-to-person transfers and bill payments cost the equivalent of about 40 cents, while withdrawing money is on a sliding scale. A withdrawal of $100 costs about $1.

But Kenyans have been willing to pay these services, as millions of M-Pesa transactions now take place on a daily basis.

"What has really been lacking are technologies created by Africans for Africans" said G. Pascal Zachary, who teaches a class about technology and development in Africa at Arizona State University. He calls M-Pesa a major success story.

"This is the first example in the digital age of a brand new service technology system being spawned in an African country, so people need to spend a lot of time trying to understand how this happened in a supposedly backward place like Kenya and what does it mean for what other African countries can do to incubate appropriate solutions," said Zachary.

African entrepreneurship

One of those doing just that is William Jack, an associate professor in the Department of Economics at Georgetown University in Washington.

"It is really uplifting to go to Safaricom headquarters in Nairobi and see all these very, very professional, highly qualified Kenyans running the place, many of whom are women by the way," said Jack.

Jack recently co-authored a detailed research paper called "The Economics of M-Pesa."  
While many other companies are trying to develop mobile money across Africa, Jack said several factors have helped Safaricom with M-Pesa, including having a dominant position in
Kenya's voice market. Jack said this gave users confidence in the service.

The economist said Safaricom also has been able to effectively integrate M-Pesa into Kenya's banking system.

Success stories

He is not surprised the Bill and Melinda Gates Foundation has commissioned him to do more M-Pesa research.

"This looks like it might be a way to make people's lives better," said Jack. "I mean, the good thing about it is it is sustainable. People want this stuff. They are willing to pay for it. And so, there is no need for continuing subsidies from outside to sustain it and that is the kind of thing we are looking for in development, sustainable innovations that are valued enough by people to pay for them."

Jack hopes to see similar success in other sectors of Kenya's economy.

"One has the impression that the country does not produce anything else, that it is just mobile telephony. I think we have to remember that there are lots of other sectors of the economy in which a lot of people could be employed, that also need innovation like this."

In an increasingly competitive market for mobile money in Africa, M-Pesa has since been launched in other countries, including Tanzania and more recently, last September, in South Africa. It also now allows customers to transfer money internationally from their accounts to a Visa prepaid card, without needing a bank account. That lifts a barrier many Africans have long faced in making purchases without cash outside their own countries.