M-BANKING is no doubt a success story in Kenya. It is a lifestyle. M-banking has affected the social, economic,religious and political spheres of the Kenyan society. It initially targeted the "unbanked" members of the society but has now been fully incorporated into the mainstream formal banking sector. This success story can be disastrous to both the consumers and the service providers if not properly regulated. This book offers an in-depth analysis of this important sector of Kenya's economy.