Kenya's banks have been busy developing mobile money services to challenge M-Pesa, but the latter is unlikely to give up its dominant position anytime soon....
Egypt's Fawry, like M-Pesa, cannot possibly be successfully implemented in a developed country, but it is making it easier for users to make payments....
M-Pesa's track record clearly indicates that consumers in African countries are more than willing to use mobile payments, if offered on reasonable terms....
Kenya has undergone a revolution since 2007, causing start-ups to use M-Pesa as "a base for their business" and Nairobi to become the "Silicon Savannah"....