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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. They are fully fungible for hard currency through Safaricom’s network of retail partners for either the sender or recipient of an M-Pesa mobile payment. Dwolla is also considering to take its network overseas, still riding ACH.

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. employ 60K people in 11 countries. 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. employ 60K people in 11 countries.