Kenya’s largest MNO has partnered with one of the largest banks to create a revolutionary bank account.
Under the agreement, Mpesa clients will be able to open a bank account with Equity bank and access micro credit and insurance among other bebefits.

This is a big step towards tapping the unbanked population in a country where its easier to own a cellphone compared to having a bank account.

http://www.safaricom.co.ke/fileadmin/template/main/downloads/m-pesaresourcecentre/M-PESA_Press%20Briefs/M-KESHO%20Press%20Release.pdf