how would you measure the success of m-pesa's mobile money transfer feature?

Introduction

Measuring the success of M-Pesa's mobile money transfer feature requires a comprehensive approach that considers multiple stakeholders and metrics. To address this product success metrics challenge effectively, I'll follow a structured framework covering core metrics, supporting indicators, and risk factors while considering all key stakeholders.

Step 1

Product Context

M-Pesa is a mobile phone-based money transfer service launched by Vodafone and Safaricom in Kenya. The mobile money transfer feature allows users to deposit, withdraw, and transfer money using their mobile devices.

Key stakeholders include:

• Users (senders and recipients)
• Agents (cash-in/cash-out points)
• Merchants
• Telecom operators
• Regulators

User flow:

1. Registration: Users register for an M-Pesa account using their mobile number and national ID.
2. Cash-in: Users deposit money into their M-Pesa account through an agent.
3. Transfer: Users send money to other M-Pesa users or non-users via SMS.
4. Cash-out: Recipients withdraw money from agents or ATMs.

M-Pesa fits into Safaricom's broader strategy of financial inclusion and mobile-first services. It competes with traditional banks and other mobile money services like Airtel Money, but maintains a dominant market position in Kenya.

Product Lifecycle Stage: Mature. M-Pesa has been operating for over a decade and has achieved widespread adoption in Kenya, with expansion to other African countries.