Is Safaricom immune to regulation or is it just a matter of time? I am looking at this from the perspective of M-Pesa loans interest rates (uncapped??) and the facilitation of grey area transactions (bribery??) as seen during the police vetting.
Why can't they be proactive on these matters instead of waiting for regulations the way banks did?
My worry is underpinned by the MTN Nigeria story which has shown me that the biggest risk for TMT and fintech is regulatory.
Investment philosophy development in progress...