When anyone opens a current account at a bank, he is lending the bank money, repayment of which he may demand at any time either in cash or by drawing a cheque in favour of another person.
There are plenty of details I could have added—the narrowness of the room, Tony Bennett on the sound system, the Yankees bumper-sticker on the cash register—but what would be the point?
That means, if a Manner store only has one barista, he has to make up to 333 cups of coffee a day while also handling all other tasks, including inventory management, order and payment taking, and cleaning.
Through the M-PESA money transfer system, subscribers deposit cash through registered agents and notify recipients by text message to collect their money at any one of hundreds of convenient locations.