Definitely good news for those who want to develop e-stores. Of course, after M-Pesa this might not be as successful since it requires credit cards & debit cards but I welcome it. I&M Bank has been (positively) in the news of late. They raised almost KES 1.3bn from some investors recently to expand their balance sheet.

@kularaha - Mauritius seems to be OK according to the 3Q results. I cannot say I am privy to the Mauritius results but according to I&M's website the Mauritius operation was a so-so operation being controlled by the Government/Central Bank (after being taken over much earlier)... Maybe it will take them 1-2 years to turn it around. I understand the other partner is CIEL (a large Mauritian conglomerate)