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{
    "id": 180946,
    "url": "https://info.mzalendo.com/api/v0.1/hansard/entries/180946/?format=api",
    "text_counter": 268,
    "type": "speech",
    "speaker_name": "Mr. Shakeel",
    "speaker_title": "",
    "speaker": {
        "id": 140,
        "legal_name": "Ahmed Shakeel Shabbir Ahmed",
        "slug": "shakeel-shabbir"
    },
    "content": "Mr. Deputy Speaker, Sir, mine is in conjunction with that. I thought it would be better for the Minister to answer all of them together. Firstly, I need a very comprehensive answer. M-Pesa is known as the \"poor man's bank\". What I would like you to be very clear about, because you have touched on it is: Is the Deposit Protection Fund, which is set aside for deposit takers--- It has not been very clear from the Minister whether M-Pesa is a deposit taker or not. For everybody and for simple people, it is the peoples' bank. As a banker, it is clear that they are deposit takers. However, they have been able to be in a grey area. The Minister should tell us what he is going to do about that. The Minister also spoke about the M-Pesa Trust Account, which you implied is something like the Deposit Protection Fund. But, Bwana Waziri, the circulation of money in the M-Pesa system cannot be quantified! It is not equal to the amount of money that has been deposited in the M-Pesa Trust Account. That is the reason why hon. Members are asking you about the issue of M- Pesa. As you know, Mr. Minister, the circulation of money does not necessarily mean there is inflation---"
}