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

Agile VC

M-Pesa created by mobile carrier Safaricom in Kenya is the best known example of this. If massively succesful, Isis might disintermediate the companies that manufacturer plastic payment cards and perhaps the companies that make mag stripe hardware (e.g. So not a new store of value and this is basically scenario #1 described above.

Mobile 250
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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.

article thumbnail

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.