The Courtroom Test for M-PESA

Kenyan Wall Street

"Kenya's biggest mobile money platform, M-Pesa, is heading for a legal battle that could reshape how digital payments are regulated. The High Court has allowed a constitutional case against the Central Bank of Kenya (CBK), Safaricom and M-Pesa to proceed after rejecting arguments that the dispute belonged before regulators. The case is a fraud victim's claim that Kenya's mobile money system suffers from broader structural weaknesses, with proposals ranging from mandatory fraud reporting to court-supervised reforms."