Comments on: Mobile Payment Systems – An Itch Just Waiting To Be Scratched? http://www.mihswat.com/2008/11/08/mobile-payment-systems/ Headquarters of the Strategic Worldwide Applications and Technologies Team Thu, 09 Feb 2012 22:02:00 +0000 hourly 1 http://wordpress.org/?v=3.1 By: theo http://www.mihswat.com/2008/11/08/mobile-payment-systems/comment-page-1/#comment-114 theo Tue, 18 Nov 2008 12:13:11 +0000 http://www.mihswat.com/?p=369#comment-114 Eve - Yes, I've heard of POCit, it looks very promising, especially in the person-to-person (P2P) space. The developing world is proving to be a space for amazing innovation and rapid progress in the mobile space - borne as much out of necessity as creativity, I think. You might be interested in this study (http://www.spidercenter.org/news/new-publication-mobile-banking-financial-services-unbanked), which looks specifically at sub-Saharan Africa and the role of mobile banking and its potential to provide basic banking services to the 'unbanked'. Roberto - Agreed! In my opinion it's better to start with a great business model and find/develop the technology to bring it to fruition, rather than the other way around. That is, if you want to make a profit. Eve – Yes, I’ve heard of POCit, it looks very promising, especially in the person-to-person (P2P) space. The developing world is proving to be a space for amazing innovation and rapid progress in the mobile space – borne as much out of necessity as creativity, I think. You might be interested in this study (http://www.spidercenter.org/news/new-publication-mobile-banking-financial-services-unbanked), which looks specifically at sub-Saharan Africa and the role of mobile banking and its potential to provide basic banking services to the ‘unbanked’.

Roberto – Agreed! In my opinion it’s better to start with a great business model and find/develop the technology to bring it to fruition, rather than the other way around. That is, if you want to make a profit.

]]> By: Roberto http://www.mihswat.com/2008/11/08/mobile-payment-systems/comment-page-1/#comment-109 Roberto Mon, 10 Nov 2008 17:46:34 +0000 http://www.mihswat.com/?p=369#comment-109 I believe USSD is a good oportunity, but of course SMS will have its share. Actually the banks will probably have multiple technical products. In most cases is just a question of standards, legislation and business models (not relly a question of technology). Here in Brazil for example telcos cannot put regular stuff on the telecon bill or everything will be charged additional telecon taxes. Oi was able to launch a product (Oi Pago) that works as a credit card (with a separate bill from the phone bill) that seens to be good but its lacking acceptance buy retailers (again probably a question of business model). I believe USSD is a good oportunity, but of course SMS will have its share. Actually the banks will probably have multiple technical products. In most cases is just a question of standards, legislation and business models (not relly a question of technology). Here in Brazil for example telcos cannot put regular stuff on the telecon bill or everything will be charged additional telecon taxes. Oi was able to launch a product (Oi Pago) that works as a credit card (with a separate bill from the phone bill) that seens to be good but its lacking acceptance buy retailers (again probably a question of business model).

]]> By: Eve Dmochowska http://www.mihswat.com/2008/11/08/mobile-payment-systems/comment-page-1/#comment-108 Eve Dmochowska Sat, 08 Nov 2008 16:45:38 +0000 http://www.mihswat.com/?p=369#comment-108 Ever heard of pocit.co.za. It looks amazing. I haven't used it myself, but friends have tried it and have only good things to say. We are undoubtedly entering a new paradigm for acceptable forms of payment, and I'll be watching the space intently. Like most things mobile it will take off faster in Africa than anywhere else, which is why any studies based on the US market are kind of irrelevant to us. Mobile payments also offer an easy way out not just for the buyer but for the seller who might be unable to accept credit cards, or who might prefer to not accept cash for security reasons. Ever heard of pocit.co.za. It looks amazing. I haven’t used it myself, but friends have tried it and have only good things to say.

We are undoubtedly entering a new paradigm for acceptable forms of payment, and I’ll be watching the space intently. Like most things mobile it will take off faster in Africa than anywhere else, which is why any studies based on the US market are kind of irrelevant to us.

Mobile payments also offer an easy way out not just for the buyer but for the seller who might be unable to accept credit cards, or who might prefer to not accept cash for security reasons.

]]> By: Mobile Payment Systems - An Itch Just Waiting To Be Scratched? | definedebt.com http://www.mihswat.com/2008/11/08/mobile-payment-systems/comment-page-1/#comment-107 Mobile Payment Systems - An Itch Just Waiting To Be Scratched? | definedebt.com Sat, 08 Nov 2008 16:44:51 +0000 http://www.mihswat.com/?p=369#comment-107 [...] Read the original [...] [...] Read the original [...]

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