Business News
Treasury gives M-Pesa a clean bill of health
Customers at an MPesa service outlet in Nairobi. An audit by the Central Bank of Kenya (CBK) has found the service safe and reliable. Photo/FILE
Posted Saturday, January 24 2009 at 18:00
“We have been struggling to get an approval for the past few months unsuccessfully which puts us at a disadvantage to competition,” said Zain Kenya managing director Rene Meza.
Without elaborating that the war may soon find its way to court, Mr Meza said that at the moment ‘all legal options were open to get the service, currently running on a pilot basis.’
-
Submitted by solomon07Posted January 26, 2009 09:19 PM
-
Submitted by NoMoreLies
Why has Zain been refused a license to launch Zap? Could it be that Mobitelea is composed of the mois, kibakis and friends? Could it be that Zain refused to payoff ndungu?
Posted January 25, 2009 01:15 PM -
Submitted by Anonymous author
"Treasury believes that the M-Pesa product benefits from the research and development of Vodafone and as such, the operational risks are minimal if not non-existent" - wow that is a lot of blind faith in Vodafone. Companies like Vodafone do make mistake as well you know - they do make bad, insecure products as well.
Posted January 25, 2009 03:46 AM
RSS
Treasury believes that Vodafone is an angel who does not make mistakes. C'mon wake up Treasury and be fair in the Zap saga!