The Next Evolution of North American Banking: P2P Payments

Originally posted on the Pivotal Labs Blog It is no secret that person-to-person payments (P2P payments) have made an impact in Kenya. Since Safaricom, Kenya’s largest mobile network operator (MNO), launched their P2P initiative called M-PESA in early 2007, Kenyans have been using it (in addition to various others) to store money on their mobile phone and transfer funds to others. It can essentially be thought of as having one’s wallet on their…