Kenya's mobile banking revolution - Module 4

C2 Proficiency · Open Cloze · Expert Proficiency, Pearson Education

For questions 1–8, read the text below and think of the word which best fits each space. Use only one word in each space.

In recent years, an economic revolution has been (0) ___ place in Kenya, and a company called Safaricom has been at the centre of it. The company was (1) ___ up in 1997, initially as a mobile phone business catering (2) ___ the millions of Africans who until (3) ___ had never even held a land line. (4) ___ this meant in effect was that, for the first time, suppliers and customers in rural areas could communicate directly with each other, and the effects were astounding. The company's phone-credit transfer service was (5) ___ even greater significance, however. This was designed so that users (6) ___ buy phone time for relatives living in the bush. (7) ___ people began using the facility as currency, paying for taxi rides and other things with cell-phone credit, Safaricom saw a golden opportunity for a mobile money-transfer service, and M-PESA was born. Today, users can pay bills and get money out of ATMs (8) ___ having a conventional bank account or pin number – all they need is a mobile phone.

Kenya's mobile banking revolution

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