Mobile Payments -

CPNI enables P2P payments to the unbanked

The unexpected M-PESA probe ordered by acting Finance minister John Michuki may have been influenced by an informal cartel of local banks unhappy with the threat posed by Safaricom’s mobile money transfer (MMT) service poses to their business, writes James Mbugua in Nairobi. According to well-placed sources, four big local banks have formed an "ad [...]

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