obiero wrote:Ericsson wrote:Safaricom hinted it could buy an existing company in another country on the continent or setup afresh where it can export its success in M-PESA
Mpesa is not truly exportable. Just a peculiar Kenyan habit. It has already failed in UG, RW, TZ, ZA.. Even India rejected such a product. And it's with good reason for most of the hesitant central banks..
False. Lies.
M-Pesa (among other Mobile Money options) is going strong in TZ even though TZ isn't as financially inclusive as KE. Mobile Money can only grow as more TZians get mobile phones/lines and businesses start adopting M-Pesa services eg Lipa Na M-Pesa though slower adoption vs Kenya.
Mobile Money is going strong in UG and RW. In RW, most M-Pesa users are Kenyans. It could be the same for UG. Airtel is growing in both UG & RW.
India - With the demonetization, MM is growing. India has many options for financial inclusion and MM is one of them BUT there's definite growth in MM. Google Airtel Money and M-Paisa in India. Growth in volumes and value is in double digits which far exceeds India's single digit economic GDP growth.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett