The Phone Wallet That Rewired A Nation's Economy

In March 2007, a single text message sent from a Nokia 1100 in Nairobi quietly rewired Kenya’s entire economy. That $50 transfer, costing just 20¢ in fees, was the birth of M-Pesa, the mobile money system that disrupted billion-dollar banks, created new businesses, and lifted millions out of poverty. This video dives deep into the untold story of how a simple phone became Africa’s most powerful bank. From London boardrooms to Nairobi’s markets, from bus drivers carrying envelopes of cash to mothers sending money instantly to their families, M-Pesa transformed how money moves. You’ll discover: ✅ Why traditional banks ignored Kenya’s unbanked millions — and how M-Pesa filled the gap. ✅ How one CEO took on regulators and built the world’s most successful mobile money network. ✅ The role of Kenya’s 2007 post-election crisis in proving mobile money’s resilience. ✅ The ripple effects: reduced theft, falling rural inflation, and brand-new businesses born from digital wallets. ✅ How M-Pesa became a global template for financial inclusion, inspiring digital wallets across Africa, Asia, and Silicon Valley. What began as a $50 text in a Nairobi market stall has become a trillion-dollar ecosystem. And today, every time you tap your phone to pay for coffee, you’re living in the shadow of that moment. 📌 Subscribe for more hidden stories of money systems that quietly reshape our world. #Kenya #Africa #Economy #MobileMoney #FinTech #M-Pesa #Innovation #Banking

from Volumes Untold https://www.youtube.com/watch?v=wCn3Q0pGQKY