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Published January 29, 2013
Kenyan banks struggle to break Safaricom’s mobile banking space monopoly
A lack of specific financial regulations governing telecommunication operators has contributed to m-Pesa’s explosive growth.
Date: Jan 29, 2013 Author: Research Categories: Mobile Banking, Retail Banking, Retail Payments Keywords: m-Pesa, P2P Payments, Safaricom, Vodafone, M-Shwari, e-float, John Staley, Equity Bank In Kenya, mobile banking has exploded in growth since the roll-out of m-Pesa in March 2007. The creation of m-Pesa was significant in that it was hatched not from the banking industry but between telecommunication… All visitors must register to gain access. Access to selected news, research and our regular e-newsletters is free for up to 10 days from publication. Please login now or subscribe/register.
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