... emergencies.Fornon‐users the reasonthatwasmentionedmostoftenas the primarycause of non‐adoptionwaslack of adequate access to the network of agents.In the year since the surveywas fielded, the ... 2years.Figure4:AveragedailygrowthinM‐PESAregistrationsbymonthSince the launch of M‐PESAinMarch2007,wary of regulationby the CentralBank of Kenya,SafaricomhasbeenatpainstostressthatM‐PESAisnotabank.On the otherhand, the ubiquity of the cellphoneacross ... costs.On the other hand, the precise source of these benefits – i.e., the specific economic impacts of M‐PESA – arenot easy to calculate.We have identified a nu mber of potential...