Central Banking

Kenya’s Ndung’u praises M-Pesa

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M-Pesa is an extremely important tool for financial inclusion and its new international service will help remittances, said Njuguna Ndung'u, the governor of the Central Bank of Kenya.

Ndung'u said millions of people have been brought "out of obscurity", because their cell phones have the ability to facilitate instant access not only to financial services, but also to the rest of the marketplace.

He also said that the M-Pesa International Money Transfer Service, launched on 13 October, will

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