What Are the Challenges of Using M-Pesa in Business?
While M-Pesa offers numerous benefits, there are also some challenges:
Network Dependency: The service relies heavily on mobile network availability, which can be unreliable in some regions. Agent Reliability: The system depends on agents who may not always have sufficient liquidity to handle large transactions. Regulatory Issues: Different countries have varying regulations that can affect the operation and expansion of M-Pesa. Security Risks: Despite robust security measures, there is always a risk of fraud and cyber-attacks.