Demombynes, GabrielThegeya, Aaron2012-03-192012-03-192012-03-01https://hdl.handle.net/10986/3275The mobile revolution has transformed the lives of Kenyans, providing not just communications but also basic financial access in the form of phone-based money transfer and storage, led by the M-PESA system introduced in 2007. Currently, 93 percent of Kenyans are mobile phone users and 73 percent are mobile money customers. Additionally, 23 percent use mobile money at least once a day. New potential for mobile money has come with the rise of interest-earning bank-integrated mobile savings systems, beginning with the launch of the M-KESHO system in March 2010. The authors examine the mobile savings phenomenon, using data collected in a special survey in late 2010. They show that the usage of bank-integrated mobile savings systems like M-KESHO remains limited and largely restricted to better-off Kenyans. However, what the authors term "basic mobile savings" -- the use of simple mobile money systems as a repository for funds -- is widespread, including among those who are otherwise unlikely to have any savings. Holding other characteristics constant, those who are registered for M-PESA are 32 percent more likely to report having some savings.CC BY 3.0 IGOACCOUNTINGBANK ACCOUNTBANK ACCOUNTSBANK BRANCHESBANKING SERVICESBANKSBILL PAYMENTSBUSINESSESCELL PHONECELL PHONESCENTRAL BANKCOMMUNICATION TECHNOLOGIESCOMMUNICATION TECHNOLOGYCOMMUNICATIONS TECHNOLOGYCONSUMERSDEBTDEPOSITDEPOSITSDEVELOPMENT POLICYECONOMIC ACTIVITYECONOMIC DEVELOPMENTECONOMIC PROGRESSELECTRONIC MONEYEMPLOYMENTENABLING ENVIRONMENTENTREPRENEURSHIPEXPOSUREEXPOSURE TO RISKFINANCIAL PRODUCTFINANCIAL SECTORFINANCIAL SERVICESFINANCIAL TRANSACTIONSGDPGEOGRAPHIC DISTRIBUTIONGLOBALIZATIONGROWTH STRATEGYHEALTH EXPENDITURESICTIDIDENTIFICATIONIMPLEMENTATIONSINCOMEINCOMESINFLATIONINFLATION RATEINNOVATIONSINSTITUTIONINSURANCEINTEREST RATEINTEREST RATESINTERNATIONAL BANKINTERNATIONAL TELECOMMUNICATIONSINTERNATIONALIZATIONJOINT VENTUREMACROECONOMIC POLICIESMARKET EFFICIENCYMARKET SHAREMARKETINGMATERIALMICROFINANCEMIGRATIONMOBILE ACCESSMOBILE BANKINGMOBILE PHONEMOBILE PHONE ACCESSMOBILE PHONE USERSMOBILE PHONESMOBILE SERVICEMOBILE TELEPHONESMOBILE TELEPHONYMOBILE TRANSACTIONSMONEY MARKETMONEY TRANSFERMONEY TRANSFERSNETWORKSOPEN ACCESSPAYMENTS SERVICESPHONE BANKINGPHYSICAL BANKPUBLIC POLICYRADIORAPID GROWTHRESULTRESULTSSAVINGSSAVINGS ACCOUNTSAVINGS ACCOUNTSSAVINGS BEHAVIORSEARCHSERVICE PROVIDERSERVICE PROVIDERSSMALL BUSINESSSMALL BUSINESS ENTREPRENEURSSMALL ENTERPRISESSOCIAL CAPITALSOCIAL VALUESTORAGE DEVICETAXTELEPHONETELLERSTRADITIONAL BANKTRANSACTIONTRANSACTION COSTSTYPES OF CONTRACTSUNIVERSAL ACCESSUSERUSERSUSESWEALTHWEBWORLD DEVELOPMENT INDICATORSWorld Bank10.1596/1813-9450-5988