I am not sure M-PESA has failed in Tanzania.<br><br>IMO, M-Pesa&#39;s failures in other countries stems from regulatory approach, where banks in those countries, after seeing what M-Pesa was capable of, lobbied the regulators in the country to over-regulate the product, which in result means that there is little use case for it. <br>
<br>In SA, M-Pesa is run off a bank whose clientèle is mostly well off. <br>