How Would You Like to Pay?: How Technology Is Changing the Future of Money
Bill Maurer is Dean of the School of Social Sciences; Professor of Anthropology, Law and Criminology, Law and Society; and the Director of the Institute for Money, Technology, and Financial Inclusion at the University of California, Irvine. He is the author of Pious Property: Islamic Mortgages in the United States and Mutual Life, Limited: Islamic Banking, Alternative Currencies, Lateral Reason.
Introduction: Who This Book Is For
Innovators in payment make big claims for how their new applications and services will profoundly change money. But few of their services have taken off. One that has, and that has had a huge impact on how “money disruptors” imagine they can remake the future of money, is M-Pesa. M-Pesa is a mobile money service that allows everyday Kenyans to send small amounts of money to one another via their mobile phones. Mobile money services like M-Pesa inspire dreams of digital payments as well as positive social and economic benefits of going cashless. This chapter situates the book in light of developers’ dreams for M-Pesa, and the variegated landscape of payment innovation today.