Kenya Banks vs. M-PESA
James Mbugua reports for the Nairobi Star that "four big local banks [in Kenya[ have formed an "ad hoc committee" to try and get M-PESA stopped." M-PESA, a mobile payments service offered by Safaricom, has been very successful - "The problem for the banks seems to be the extraordinary popularity of M-PESA. Launched in March 2007, it now has over 5,000,000 registered users and almost 5,000 registered outlets." [Editor's note: Hat tip to Dave Birch!]
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