Comparative Study of Mobile Money in Kenya and Malaŵi

Sunduzwayo Madise ()
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Sunduzwayo Madise: University of Malawi

Chapter Chapter 7 in The Regulation of Mobile Money, 2019, pp 229-267 from Palgrave Macmillan

Abstract: 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.

Keywords: Airtel money; Kenya; Malaŵi/Malawi; M-Pesa/MPESA; TNM Mpamba; Telco-led (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:pal:pmschp:978-3-030-13831-8_7

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

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