A mobile banking service is transforming how the poor transfer money - here's how it works
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Chris Weller/Business Insider
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It's called M-Pesa, and it has lifted hundreds of thousands of people out of poverty in Kenya.
"Pesa" is Swahili for money. The Kenyan service provider Safaricom launched M-Pesa in the East African nation 10 years ago, and since then it's enabled countless people to move small amounts of their own money and send it to others.
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On a recent trip to Kenya, I got a firsthand look at how M-Pesa works on the ground.
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