Using the M-Pesa mobile money transaction service at an agent’s shop. PHOTO | FILE
The Treasury’s recent warning that collapse of mobile money service M-Pesa could cause widespread disruption of the economy has renewed debate as to whether Safaricom is a dominant player in Kenya’s telecoms market that requires extra regulatory action.
The Treasury’s report classifying Safaricom’s critical role in the economy as a fiscal risk has been seen in some quarters as a precursor to the expected declaration of the telco as a dominant player, a move that will then inform regulatory policy for the company.
