At the end of “Mapping and Effectively Structuring Operator-Bank Relationships to Offer Mobile Money for the Unbanked,” [link] we include a case study that traces the history of Safaricom’s engagement with banks in Kenya as M-PESA evolved. In the early days, Safaricom placed the cash that agents and customers had converted into electronic value in an account held with the Commercial Bank of Africa; later, to reduce risk, accounts were opened at Standard Chartered and CFC Stanbic for the same function as well.

Read more: http://mmublog.org/global/operator-bank-partnerships-a-case-study-featuring-safaricom-and-equity-bank-part-1/