THE ROLE OF MOBILE MONEY TRANSACTIONS IN THE EFFECTIVE AND EFFICIENT MANAGEMENT OF SMALL AND MEDIUM ENTERPRISES IN THE COUNTRY: THE CASE OF SME’S IN THIKA TOWN, NAIROBI, KENYA
THE ROLE OF MOBILE MONEY TRANSACTIONS IN THE EFFECTIVE AND EFFICIENT MANAGEMENT OF SMALL AND MEDIUM ENTERPRISES IN THE COUNTRY: THE CASE OF SME’S IN THIKA TOWN, NAIROBI, KENYA

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Mobile money transfer is a popular financial product which entails the use of mobile phones to transfer money including making payments to various businesses. The leading mobile network operator in Kenya, Safaricom, launched a mobile money transfer in 2007 (Mwaura, 2009). The initial intention of the mobile money service was to enable the subscribers of this network to transfer money and offer micro financing to people that could not access banking services. Presently, the mobile money transfer plays a critical role in the business sector. Various business firms have collaborated with the mobile phone network providers with a view of enabling their clients to make payments for various services at the discretion using the mobile money transfer system. In the recent past, the mobile phone providers developed new money transfer product that enables business owners to receive payments through the mobile cash transfer.

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  • Released: November 16, 2020
  • Author: michael omito
  • Rating: 4,9
  • Publisher: Ebook DIgital Agency
  • Total Page: 718 pages
  • File Size: 3670 KB
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