Mobile payment provider ‘infuriates’ banks
I've blogged a few times about M-Pesa. The first time was in late 2007, when Citibank did a deal to roll the M-Pesa model worldwide for remittances. Then again in 2008, when Royal Bank of Scotland (RBS) announced the idea of a business model based upon being an MBNO, a Mobile Banking Network Operator. The idea of the latter…