{"id":538,"date":"2021-11-19T15:33:45","date_gmt":"2021-11-19T15:33:45","guid":{"rendered":"http:\/\/demo.oxygenehosting.com\/aerc\/?p=538"},"modified":"2021-11-22T15:08:24","modified_gmt":"2021-11-22T15:08:24","slug":"this-op-ed-by-prof-njuguna-ndungu-was-published-on-26th-june-2021-in-the-east-african-a-leading-regional-newspaper","status":"publish","type":"post","link":"https:\/\/demo.oxygenehosting.com\/aerc\/this-op-ed-by-prof-njuguna-ndungu-was-published-on-26th-june-2021-in-the-east-african-a-leading-regional-newspaper\/","title":{"rendered":"This op-ed by Prof. Njuguna Ndung\u2019u was published on 26th June 2021 in The East African, a leading regional newspaper"},"content":{"rendered":"<p>In this paper, Prof. Ndung\u2019u provides a unique, personal perspective of the development of M-Pesa. He discusses the need as a regulator to balance innovation and systemic risk while promoting competition. Competition was of itself a difficult concept when regulating an innovation being launched by a monopoly into a market for financial services containing dominant institutions. He is frank about the pressure he faced from the banking sector and policy makers and how these challenges were address<\/p>\n<p><object title=\"The impactful evolution of M-Pesa\" data=\"https:\/\/aercafrica.org\/wp-content\/uploads\/2021\/06\/Evolution-of-M-Pesa-Gazette-compressed.pdf#toolbar=0\" type=\"application\/pdf\" width=\"100%\" height=\"1000px\"><embed src=\"https:\/\/aercafrica.org\/wp-content\/uploads\/2021\/06\/Evolution-of-M-Pesa-Gazette-compressed.pdf#toolbar=0\" type=\"application\/pdf\" title=\"The impactful evolution of M-Pesa\" frameborder=\"0\" \/>This browser does not support PDFs. Please download the PDF to view it: <a href=\"https:\/\/aercafrica.org\/wp-content\/uploads\/2021\/06\/Evolution-of-M-Pesa-Gazette-compressed.pdf\"><span data-mce-type=\"bookmark\" style=\"display: inline-block; width: 0px; overflow: hidden; line-height: 0;\" class=\"mce_SELRES_start\">\ufeff<\/span>Download PDF<\/a>.\u00a0<\/object><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In this paper, Prof. Ndung\u2019u provides a unique, personal perspective of the development of M-Pesa. He discusses the need as a regulator to balance innovation and systemic risk while promoting competition. Competition was of itself a difficult concept when regulating an innovation being launched by a monopoly into a market for financial services containing dominant [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":522,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[12,14],"tags":[],"class_list":["post-538","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-eds-article","category-press-cuttings"],"_links":{"self":[{"href":"https:\/\/demo.oxygenehosting.com\/aerc\/wp-json\/wp\/v2\/posts\/538","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/demo.oxygenehosting.com\/aerc\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/demo.oxygenehosting.com\/aerc\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/demo.oxygenehosting.com\/aerc\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/demo.oxygenehosting.com\/aerc\/wp-json\/wp\/v2\/comments?post=538"}],"version-history":[{"count":2,"href":"https:\/\/demo.oxygenehosting.com\/aerc\/wp-json\/wp\/v2\/posts\/538\/revisions"}],"predecessor-version":[{"id":637,"href":"https:\/\/demo.oxygenehosting.com\/aerc\/wp-json\/wp\/v2\/posts\/538\/revisions\/637"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/demo.oxygenehosting.com\/aerc\/wp-json\/wp\/v2\/media\/522"}],"wp:attachment":[{"href":"https:\/\/demo.oxygenehosting.com\/aerc\/wp-json\/wp\/v2\/media?parent=538"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/demo.oxygenehosting.com\/aerc\/wp-json\/wp\/v2\/categories?post=538"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/demo.oxygenehosting.com\/aerc\/wp-json\/wp\/v2\/tags?post=538"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}