Regulators oppose M-Pesa split plan

A customer at an Mpesa outlet in Nyeri. Agencies have asked MPs not to rush to split the innovation from Safaricom. FILE PHOTO | NMG

Mobile and financial sector regulators have warned against Parliament’s quest to split the popular money transfer service, M-Pesa, from telecoms giant Safaricom #ticker:SCOM.

The Ministry of ICT, Central Bank of Kenya (CBK) and Communications Authority of Kenya (CA) Wednesday asked MPs to be cautious in their push to de-link mobile money services such as M-Pesa, Airtel Money and T-Kash from their parent mobile telecommunication firms.

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