Kenya is a terrible example of regulation supervision, says Emery Kobor, Deputy Director of Strategic Planning for the U.S. Treasury’s Office of Terrorist Financing and Financial Crimes. “Frankly we’re very concerned that M-Pesa has risen to the level of being a systemically important payment system in a country that doesn’t really have a regulatory framework and supervisory standards to ensure consistent access to financial services.” (From the ATM & Mobile Executive Summit.)
![US Treasury Dept concerned about mobile payments in Kenya US Treasury Dept concerned about mobile payments in Kenya](https://bankcustomerexperience.com/wp-content/uploads/bfi_thumb/dummy-transparent-qgdccvdz6do5ulrb02findm72pezu0z860oq1g8z7s.png)