An earlier blog post on this site explored the rise of mobile payments and specifically looked at M-Pesa, Kenya’s highly successful mobile payment system that has surpassed expectations dramatically and been a huge success.
That post also touched on the problem that most other countries have not been able to replicate the service with anywhere near the same level of success as M-Pesa. The Brookings Institution, an independent non-profit research organization, recently released the above video describing the M-Pesa model in conjunction with a detailed report on the 2012 Brookings Blum Roundtable that can be accessed here.
The report outlines three reasons that came up during the roundtable that might help explain the challenges of replication.
TechnoCapital 