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Second, Kenya has undergone a revolution since 2007, when M-PESA, a mobile-payments system operated by Safaricom, a phone company, was launched (see chart).
ECONOMIST: Kenya��s technology start-up scene is about to take off
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In the emerging world , the most famous mobile payments success is in Kenya, where M-Pesa , the P2P payments service of mobile phone supplier Safaricom, has effectively created an alternative banking and payments system.
FORBES: Who's Ready For Mobile Payments? The U.S., Canada...And Kenya
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Moreover, Ready believes that a new generation of payments companies will lead m-commerce just as PayPal and three others took over e-commerce payments from traditional credit card payment processors.
FORBES: Braintree Wants to Make Mobile Payments History