Nanolending

By David Cracknel The launch of M-Pesa in Kenya in 2007, heralded significant change that included: Increased financial inclusion by providing relatively low cost, locally accessible financial services.Evolution in channels with customers accessing services through their phones and mobile money agents.The development of a digital finance ecosystem around M-Pesa, enabling an ever-increasing range of services.Reduced barriers to entry for financial technology with service providers able to construct products relatively inexpensively without the need to invest in expensive architecture.Increased returns to information: with new services being information...