M-KESHO is a set of three financial services available to customers of Safaricom’s M-PESA in Kenya. The first is a savings account that facilitates the transfer of money to and from a customer's M-PESA account and a bank account based in Equity Bank via their mobile handsets. Like M-PESA accounts, M-KESHO accounts have no account opening fees, minimum balances or monthly charges. But unlike M-PESA accounts, M-KESHO accounts pay interest and do not have a limit on account balances. In addition, M-KESHO offers emergency credit and insurance facilities.

In this section we highlight articles, blog posts and other resources that operators might find useful when researching this topic

1. What is M-KESHO?

M-KESHO in Kenya

Author : Ignacio Mas, The Bill and Melinda Gates Foundation

In this post, Ignacio Mas, explains how M-KESHO creates an opportunity to offer a broader range of financial services seamlessly on the biggest mobile money platform in existence in the world.

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2. How do Safaricom and Equity Bank view M-KESHO and their partnership?

Mapping and effectively structuring operator-bank relationships to offer mobile money for the unbanked

Author : Neil Davidson, GSMA

On p. 17, the relationship between Safaricom and Equity bank that was forged to offer M-KESHO is described.

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What is M-KESHO and how does it work?

Author : GSMA

Waceke Mbugua from Safaricom and John Staley from Equity Bank explain what M-Kesho is, how customers can open an account, and what the KYC regulations are for M-Kesho.

The M-Kesho Story So Far and Way Forward

Author : GSMA

In this video clip, we hear about how customers have responded to M-Kesho and the ultimate ambitions of M-Kesho

Equity Bank and Safaricom Before M-Kesho

Author : GSMA

In this video clip, we learn more about Equity Bank, how Safaricom worked with banks in the past, and how Equity Bank views M-PESA, as well as some questions from the audience in the Working Group.