Reimagining Money
Kenya in the Digital Finance Revolution
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"Digital payment technology is rapidly changing the way we think about money. While these services have been slow to take off in the U.S., they are rapidly displacing cash in countries as diverse as China, Kenya, and Sweden. In her book, Reimagining Money, ethnographer Sibel Kusimba offers a rich portrait of how this technology is changing the economic and social landscape of Kenya, which became the first country, in 2007, to use the mobile phone as a payment channel on a broad scale. She argues that these services popularized in Kenya--including M-Pesa and Safaricom--are allowing users to cre...
"Digital payment technology is rapidly changing the way we think about money. While these services have been slow to take off in the U.S., they are rapidly displacing cash in countries as diverse as China, Kenya, and Sweden. In her book, Reimagining Money, ethnographer Sibel Kusimba offers a rich portrait of how this technology is changing the economic and social landscape of Kenya, which became the first country, in 2007, to use the mobile phone as a payment channel on a broad scale. She argues that these services popularized in Kenya--including M-Pesa and Safaricom--are allowing users to create webs of relationships as they exchange, pool, borrow, lend, and share digital money with user-built networks that will shape the future of financial technologies and their impact on poverty, inclusion, and empowerment"--
