Article Review Example | Topics and Well Written Essays - 500 words

Review - Article ExampleIt provides alternative to Kenyans living in urban communities to send money to their love ones living in the provinces. It beats having to spend time falling inline on banks and other money transfer services. The convenience, security, and portability of doing the transaction anytime, anywhere made M- PESA a prefer method for money transfer for 9.5 million Kenyans, thats over 20 percent of the total population (The Economist, 2010). M- PESA works by converting the users hard currency to e-float, wherein money is digitalized and is credited to their phone. They could exchange or purchase e-float through accredited banks and partnered agents who also sell airtime/ prepaid cards. When they want to send money or e-float to another(prenominal) person, they would just key-in the amount they want to send. The receiving partywho also would have to be a Safaricom subscriber to be able to receive the e-float, would just simply fancy his phonewhich contains the text message and reference number to the transaction, to redeem the e-float and exchange it to cash.