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Comparative Study of Mobile Money in Kenya and Malaŵi


Author(s) : Sunduzwayo Madise
Palgrave Macmillan Studies in Banking and Financial Institutions

Abstract


This chapter undertakes a comparative study of mobile money services in Kenya and Malaŵi (Malawi). It provides a background to the development of the M-Pesa in Kenya as a remittance system that rode on the simple and yet powerful slogan Send Home. In most parts of sub-Saharan Africa, where migrant labour still exists, remittance to families and relatives in rural areas remained a key challenge which mobile money seems to have solved. The chapter examines factors that have led M-Pesa to be very successful in Kenya but not in other jurisdictions like Tanzania. It also examines the differences in operation between telco-led and bank-led models. While telco-led models are regulated as quasi-financial services, bank-led come under the prudential ambit of financial services regulation.


Original language en
Pages (from-to) 229-267
Publication status Published - 2019

Access document

10.1007/978-3-030-13831-8_7

License

http://www.springer.com/tdm
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Access document

10.1007/978-3-030-13831-8_7

License

http://www.springer.com/tdm