{"id":54589,"date":"2016-06-01T16:00:40","date_gmt":"2016-06-01T16:00:40","guid":{"rendered":"http:\/\/127.0.0.1\/site\/2017\/2\/1985\/wonderful_60_minutes_story_on_how_a_new_mobile_money_revolution_has_swept_k\/"},"modified":"2016-06-01T16:00:40","modified_gmt":"2016-06-01T16:00:40","slug":"wonderful_60_minutes_story_on_how_a_new_mobile_money_revolution_has_swept_k","status":"publish","type":"post","link":"https:\/\/kendallharmon.net\/?p=54589","title":{"rendered":"Wonderful 60 minutes story on how a new &#34;mobile money&#34; revolution has swept Kenya"},"content":{"rendered":"<p>Bob Collymore, the CEO of Kenya&#8217;s largest cell phone provider, Safaricom, says his company sought to solve the problem. While a majority of Kenyans don&#8217;t have a bank account, eight in 10 have access to a cell phone. So in 2007, Safaricom started offering a way to use that cell phone to send and receive cash. They call it M-PESA: m stands for &#8220;mobile;&#8221; &#8220;pesa&#8221; is money in Swahili.<\/p>\n<p>Bob Collymore: It is often referred to as Kenya&#8217;s alternative currency. But safer and more secure.<\/p>\n<p>Lesley Stahl: You&#8217;re texting money?<\/p>\n<p>Bob Collymore: You are effectively texting money.<\/p>\n<p><a href=\"http:\/\/www.cbsnews.com\/news\/future-of-money-kenya-m-pesa-60-minutes\">Read or watchit all<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bob Collymore, the CEO of Kenya&#8217;s largest cell phone provider, Safaricom, says his company sought to solve the problem. While a majority of Kenyans don&#8217;t have a bank account, eight in 10 have access to a cell phone. So in<span class=\"ellipsis\">&hellip;<\/span><\/p>\n<div class=\"read-more\"><a href=\"https:\/\/kendallharmon.net\/?p=54589\">Read more &#8250;<\/a><\/div>\n<p><!-- end of .read-more --><\/p>\n","protected":false},"author":794,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[39,40,50,202,175,582,589,149,168,133,329,593,88,95,34],"tags":[],"class_list":["post-54589","post","type-post","status-publish","format-standard","hentry","category-culture-watch","category-economics-politics","category-international-news-commentary","category-africa","category-anthropology","category-consumerconsumer-spending","category-corporationscorporate-life","category-economy","category-ethics-moral-theology","category-history","category-kenya","category-personal-finance","category-poverty","category-science-technology","category-theology"],"_links":{"self":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/54589","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/users\/794"}],"replies":[{"embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54589"}],"version-history":[{"count":0,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=\/wp\/v2\/posts\/54589\/revisions"}],"wp:attachment":[{"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54589"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54589"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/kendallharmon.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54589"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}