Kenyan mobile money and the hype of messy statistics

Bringing @TimHarford to measure (see original podcast here http://www.bbc.co.uk/programmes/p04kxddv)

DevLog@Bath

By Susan Johnson

The hype around the success of mobile money in Kenya has been growing as mobile payments develop both there and worldwide. This week’s Economist cites a figure that 43% of Kenyan GDP is being channelled through M-Pesa each year, attributing the statistic to Safaricom itself. The figure has been rising from 31% last year, which was cited by both The Economist and the Financial Times. In August 2013, GSM Association released an infographic on “The Kenyan Journey to Digital Financial Inclusion”, which also used the 31% figure. The World Bank, CGAP, AFI and others have also used or cited such measures of progress in this field.

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About bbatiz

I have edited NEP-HIS since 1999 and its blog in 2010. My background is economics and business history. I am currently at Bangor Business School (Wales) and my research interests are broadly in applications of computer technology, retail banking and the cashless society.

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