Routledge Law and Regulation of Mobile Payment Systems - Kenya

Explore the legal landscape of mobile banking with Law and Regulation of Mobile Payment Systems. This Routledge publication examines how mobile payment technology has changed banking in Africa, focusing specifically on the impact of M-Pesa in Kenya. As a new financial services model, M-Pesa has provided the unbanked majority with access to the financial services market, attracting over 18 million subscribers in a country where fewer than 4 million people hold traditional bank accounts. This book provides a detailed look at the legal and regulatory issues that emerge from the introduction of M-Pesa and its role in driving financial inclusion. It is an essential resource for professionals and students interested in how mobile technology transforms the banking and financial services industry. Understand the regulatory challenges and developments that arise when new financial models bridge the gap between the unbanked and the formal economy.