Johannesburg - A decade ago, Kenya's banking industry lodged
a formal petition for regulators to prevent Safaricom from launching M-Pesa.
That failed lobbying effort led to M-Pesa becoming what
is widely considered Africa's biggest mobile money success story to date.
It's hard to believe that it's taken ten years for Kenyan
banks to roll out a concerted push-back effort against the now-ubiquitous
M-Pesa remittance service.
Now, the Central Bank of Kenya has granted twelve
banks permission to run an industry-based mobile cash transfer platform.
Read also: LISTEN: Investing in Africa
In this Tech Minute, Brian Lupiya shares more on Kenya's
latest mobile money service, and reveals which Eastern European country DSTV's
ShowMax video-streaming has decided to launch in.
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