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).
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.
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.