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Are Banks the Next Dinosaurs?

thebarefootvc

The most documented example of this is M-Pesa’s mobile money platform in Kenya, which I have written about a few times on this blog, including in my thesis piece When Third is First. Banks, if they don’t begin to explore new business models to service customers, will become extinct during this process.

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Are Banks the Next Dinosaurs?

thebarefootvc

The most documented example of this is M-Pesa’s mobile money platform in Kenya, which I have written about a few times on this blog, including in my thesis piece When Third is First. Banks, if they don’t begin to explore new business models to service customers, will become extinct during this process.

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Mobile Payments: The Trillion Dollar Industry That's Never - AgileVC

Agile VC

At first glance, mobile payments seem like a no brainer… consumers [seemingly] want the convenience of paying with a phone rather than cash or credit card, merchants dislike the cost associated with accepting credit cards, and mobile ecosystem players (e.g. I’ve been an interested observer of electronic payments for 12+ years.

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