Mobile banking may have been a hit in Kenya (one in every three Kenyans have an M-Pesa account) but its success in other emerging markets is questionable, due to a slew of challenges in the localized markets, of regulatory, technical and economic nature. However, the need for mobile financial transactions is tangible, and on the rise, including in India. Read more here. Another opinion piece, challenges that widespread adoption of mobile money is a challenge in the India. Read it here.