What-is-mobile-money

Mobile Money Fragmentation (Telcos / Banks) Breaks Mass Market

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In a world where each nation uses its own currency which could not be exchanged, global commerce would stall. But if one or even two currencies were introduced, which were accepted globally, international commerce could resume.

Using this analogy, we argue that fragmented industries (Telecom Companies / Banks) fundamentally cannot successfully launch global m-payment systems as by definition they are too regional. If consumers want to make a purchase or transfer through a mobile, they don’t want to discover their m-payment mechanism isn’t compatible. Therefore, we believe that a sustainable, long-term m-payment application will require a critical mass comparable to the number of iPhone (600m) or Android (1.9bn) users and consequently

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Apple Pay Heats the Race for Mobile Payments

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Apple Pay Heats mPayment RaceNon innovators in the Business are giving Apple run for its money in Mobile Payment by Lobbying. Apple Pay’s impact on the payments world in the US and internationally has been felt in the Silicon valley where PayPal was separated from Ebay and in Emerging Markets where are we likely to see m-Pesa -like disruptions.

Apple’s mobile wallet Apple Pay is one of the 200+ digital wallets in the market. Most mobile wallets ventures have been unsuccessful because consumers and merchants are conservative in payment behavior. Apple Pay is likely to more successful than rival digital wallets as it (1) has a critical mass of partners across the payment value chain, including card networks, issuers, processors and merchants, (2) critical mass of US smart phone market (c40%), and (3) they should be

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Can Telcos Opt for Payment Banks to Push Mobile Money Business ?

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RBI has released draft guidelines for payments bank licenses. We view Indian telcos, with their large customer bases and wide geographical reach (e.g., Airtel’s 1.5 mn retail outlets), as strong contenders. The overall objective appears to be to encourage financial inclusion by providing payments / remittance/ small savings services through technology based, high volume-low value transactions.

A payments bank will be allowed to offer services like demand deposits (maximum Rs100,000), payments / remittance services, and

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What is Bitcoin & How are they Created ?

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Bitcoin is a decentralized, peer-to-peer network that allows for the proof and transfer of ownership without the need for a trusted third party. The unit of the network is bitcoin (with a little “b”), or BTC, which many consider a currency or internet cash. The Bitcoin network was conceived in 2008 and launched in 2009 by a programmer(s) who used the pseudonym Satoshi Nakamoto and whose identity remains uncertain. The network is based on a mathematical proof; people around the world called “miners” use software programs that follow a mathematical formula to produce bitcoins. The formula and software are freely available for

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Comparison of Mobile Money Transfer vs Postal Money Order

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The Internal Remittances Market in India is to the tune of USD 40 Bn with money flowing from Urban to Rural Parts of India. The Following Chart Shows the Comparison of Mobile money Transfer vs Indian Postal Money Order on Parameters such as, Min requirement, Limits on Transaction, Technology, Advantage and Dis-advantage.

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Mobile Money Transfer & Commerce – Poised for Big Growth

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Mobile Money in IndiaMobile money will witness rapid growth over the next 3-5 years in India due to increased rural presence of Mobile Operators in Rural India fueled by favorable regulation, rising penetration of smartphones as their prices are more affordable, and acceptance by retailers.

What is Mobile Money ?
We define it as mobile banking, money transfer, and m-commerce. This includes using Airtel Money to transfer money into another Airtel Money account or bank account or mobile number. One could pay one’s driver his monthly salary by transferring money using bank’s smartphone into his mobile linked bank account using his mobile number and mobile money ID. Alternatively, paying from one’s smartphone into the driver’s Vodafone mpesa wallet would allow him to

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