The rise of the concept of mobile money all across the globe has benefitted a country like Kenya on a large scale. The usage and ease of mobile money companies like MPESA developed the country’s economy. Not just in words but reports say about how this system has cut short poverty in the country. Talking about that, check on MPESA charges to find out that they have lesser charges than other providers do, which is appreciable.
Coming to this post, here are three reasons for you to consider using mobile money in Kenya:
1. Ease of Transferring Money at Lesser Costs
The biggest relief that mobile money services have brought is the ease of transferring money. Not just the ease but also the cost of it is the main deal. Whether you have a small business or want to go for a new one, transferring money over long distances can be very problematic. Thanks to how MPESA charges being mobile money brand, which has helped a lot of people in getting their transactions done at lower costs. Moreover, transferring to someone’s MPESA wallet is free.
2. A Secure Option for Saving Your Money
Saving your funds digitally or virtually is becoming a budding trend these days in Kenya. You can join with the flow because the mobile money wallets are secure. You can set passwords to make it inaccessible to strangers. Financial behavior is on a developing curve, thanks to the mobile money services.
Saving your money in virtual wallets is a fine idea because your money will be safe even if some disasters come. For unprecedented issues like droughts, fire, floods, or anything else, you can be sure that your hard-earned cash is safe.
3. The Faster Way of Transferring Money
Now, this is one of the strong points, why you need to choose mobile money in Kenya. Not just transferring costs make mobile money a great deal in the country but also the speed. Whether you make a small transaction or a bigger one, you can rely on the service to deliver in the fastest way.
Recent reports also say that people have found more interest in working in firms rather than in the fields. They are getting much into business and sales, thanks to the quick transaction process of mobile money.
You can choose mobile money services as your virtual savings wallet. The three points above say why you need to do so.