How many banks do you know that share their massive profits with their customers? None? Well now we can add one to that lonely list. Tigo Pesa, a mobile money service of Tanzanian operator Tigo, […]
For several years now we have been pointing at M-PESA as a beacon of a successful money transfer solution. For almost as long, we have been pointing at M-PESA and saying ‘that is all well […]
Google Wallet, Dwolla, Lemon, Square, Venmo, the list goes on. There is no shortage of mobile payment solutions in the market. A new start-up or “major announcement” seems to appear in news feeds almost daily. […]
This week marked the launch of Paym, the mobile phone number based person-to-person payment platform backed by the Payments Council. To use Paym consumers register their mobile phone number with their bank and can then […]
People talk about being methodical when managing risk, but most of that talk is hooey. It is not in human nature to be methodical about risk. Or rather, as Nobel laureate Daniel Kahneman has pointed […]
We are seriously considering having badges made that say ‘big companies cannot innovate – so don’t try.’ In fact the only thing that cannot innovate like a big company trying to innovate is a bunch […]
What would you be willing to pay to transfer money to a savings account or settle up with a friend for last night’s dinner on your iPhone? Unfortunately, your bank might soon answer that question […]
Reports out of Uganda suggest the government has plans to impose a ten percent levy on all money transfers sent via a mobile device. This hefty tariff is the government’s response to closing a fiscal […]
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