Kenya Mobile Payments with George Gachui

Most people in Africa never had a desktop computer. The first computer they owned was a smart phone. This is why Africa is referred to as a “leap frog” place with regard to computers–Africa leapfrogged the desktop to the smart phone.

The banking system in Africa also followed a trajectory that is different than the West. Westerners are used to banking on their desktop computers. African e-commerce has developed around the smartphone as the computer for banking. As a result, Africa is in a technological development phase with tremendous opportunities in the financial sector and beyond.

Mymookh.com is a Kenyan end-to-end payment platform that allows small- to medium-sized businesses to easily set up online stores and sell to consumers directly from their social media pages. It is one of the many startups across Africa leveraging the accessibility of mobile payments to meet the particular needs of merchants and consumers there. Africa’s development and use of mobile payment systems is expected to grow as more countries on the continent create and adopt this technology.

In this episode, George Gachui, co-founder of Mymookh, talks to Carl Mungazi about how Kenya became a leading player in the mobile payment space with its m-pesa system. He explains how it has revolutionized the way Kenyans approach commerce and payment technology and discusses the challenges of creating a unified platform system that transcends borders and currencies.

Software Engineering Daily is having our third Meetup, Wednesday May 3rd at Galvanize in San Francisco. The theme of this Meetup is Fraud and Risk in Software. We will have great food, engaging speakers, and a friendly, intellectual atmosphere. To find out more, go to softwareengineeringdaily.com/meetup.

Transcript

Transcript provided by We Edit Podcasts. Software Engineering Daily listeners can go to weeditpodcasts.com/sed to get 20% off the first two months of audio editing and transcription services. Thanks to We Edit Podcasts for partnering with SE Daily. Please click here to view or download the transcript for this show.

Sponsors


Software engineers know that saving time means saving money. Save time on your accounting solution — use FreshBooks cloud accounting software. FreshBooks makes easy accounting software with a friendly UI that transforms how entrepreneurs and small business owners deal with day-to-day paperwork. Get ready for the simplest way to be more productive and organized, and most importantly, get paid quickly. FreshBooks is offering a 30-day, unrestricted free trial to Software Engineering Daily listeners. To claim it, just go to FreshBooks.com/SED and enter SOFTWARE ENGINEERING DAILY in the “How Did You Hear About Us?” section.


It’s never been easier to hit the ground running: MongoDB Atlas is the only database as a service from the engineers who built MongoDB. With continuous backup, VPC peering, monitoring, and security features, MongoDB Atlas gives you everything you need from MongoDB in an easy-to-use service. And even if you’re already running MongoDB in the cloud, Atlas makes migrating your deployment from another cloud service provider trivial, with its Live Import feature. Get started with a free, 3 node replica set: no credit card required. As an exclusive offer for Software Engineering Daily listeners, use code SEDaily for $10 dollars of credit for when you’re ready to scale up at mongoDB.com/sedailyMongoDB World is where the world’s fastest growing database community comes to connect, explore, and learn. Join the team that builds MongoDB in Chicago on June 20-21, 2017 for hands-on and deep-dive technical sessions, giving you the tools you need to build and deploy your giant ideas. Use code SEDaily to get $100 off tickets!


Incapsula can protect your API servers and microservices from responding to unwanted requests. To try Incapsula for yourself, go to incapsula.com/sedaily and get a month of Incapsula free. Incapsula’s API gives you control over the security and performance of your application–whether you have a complex microservices architecture or a WordPress site, like Software Engineering Daily. Incapsula has a global network of over 30 data centers that optimize routing and cache your content. The same network of data centers that are filtering your content for attackers are operating as a CDN, and speeding up your application. To try Incapsula today, go to incapsula.com/sedaily and check it out.