International Mobile Banking Updates - Sept 28

CIBC Recognized as "Best in Mobile Banking" in North America by Global Finance Magazine
"CIBC today announced that it is being recognized by Global Finance Magazine as 'Best in Mobile Banking' among North American Consumer Internet banks. This is the first year the mobile banking category has been included in the Global Finance awards, reflecting the emergence of mobile technology as a rapidly growing area in North American banking."

The REAL reason why Kenya's M-Pesa won’t work anywhere else
"In a continent where less than 20% of Africa’s population has a bank account and where latent demand for money services is so high, why are there no other success stories on the scale of Safaricom’s MPesa service, in Kenya?

MPesa launched in 2007 into a vacuum of clear guidelines and precedents that dictated how money could move around a mobile ecosystem. Thanks to a loophole in the banking regulations the service did not, at that time, require a banking license to operate."