Comments on: In Africa, Money not necessary for mobile banking http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/ The Business of Technology Tue, 02 Dec 2008 21:27:59 +0000 http://wordpress.org/?v=MU hourly 1 By: Can Undersea Optic Cables Predict An Economic Boom? - GigaOM http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-894532 Can Undersea Optic Cables Predict An Economic Boom? - GigaOM Mon, 18 Aug 2008 05:18:42 +0000 http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-894532 [...] for trade to flourish in areas hitherto unconnected. Something similar is happening in Africa, where mobile banking has emerged as a facilitator of cross-border [...] [...] for trade to flourish in areas hitherto unconnected. Something similar is happening in Africa, where mobile banking has emerged as a facilitator of cross-border [...]

]]> By: Bayo Adekanmbi http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-892732 Bayo Adekanmbi Fri, 08 Aug 2008 16:14:33 +0000 http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-892732 Mobile payment systems is going to be one of the biggest hits in africa for operators who truly connect to the everyday reality of the consumers. Me2u airtime sharing service has been elevated to a mobile remittance system among families and friends in most markets in the region. The obvious next level is to progress this to a full-scale bank-supported, easy-to-use but very secure platform that make this another killer app The success of MPesa in Kenya is a learning for us all Mobile payment systems is going to be one of the biggest hits in africa for operators who truly connect to the everyday reality of the consumers. Me2u airtime sharing service has been elevated to a mobile remittance system among families and friends in most markets in the region.

The obvious next level is to progress this to a full-scale bank-supported, easy-to-use but very secure platform that make this another killer app
The success of MPesa in Kenya is a learning for us all

]]> By: Web Usage in Africa « A. Tee. Dub. http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-889435 Web Usage in Africa « A. Tee. Dub. Sun, 20 Jul 2008 21:36:24 +0000 http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-889435 [...] Mobile Banking in Africa [...] [...] Mobile Banking in Africa [...]

]]> By: Im Neon-Sonnenschein » Blog Archive » GadgetyGadgetyGadgety http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-861694 Im Neon-Sonnenschein » Blog Archive » GadgetyGadgetyGadgety Sat, 16 Feb 2008 08:32:39 +0000 http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-861694 <p>[...] I’d like a federated, multi-currency (and why stop at microtransaction currencies? Mobile phone credits are already the microtransaction of choice in Africa), identity-centric P2P credit system (with [...]</p> [...] I’d like a federated, multi-currency (and why stop at microtransaction currencies? Mobile phone credits are already the microtransaction of choice in Africa), identity-centric P2P credit system (with [...]

]]> By: Ben http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-406966 Ben Wed, 01 Aug 2007 22:11:26 +0000 http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-406966 <p>I believe mobile technology holds a number of exciting opportunities.</p> <p>The bridge between the mobile phone and the internet is key. We have now launched a pilot project doing just this. We have given a number of African reporters a mobile phone. They are now in the process of making video, photographs and text reports that they can publish on the AfricaNews website with a push of a button.</p> <p>See some examples and let us know what you think!</p> <p>http://www.africanews.com/site/page/voicesofafrica</p> I believe mobile technology holds a number of exciting opportunities.

The bridge between the mobile phone and the internet is key. We have now launched a pilot project doing just this. We have given a number of African reporters a mobile phone. They are now in the process of making video, photographs and text reports that they can publish on the AfricaNews website with a push of a button.

See some examples and let us know what you think!

(link)

]]> By: The Law of Mobility » Blog Archive » Indicators: Week of 5/27/07 http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-126495 The Law of Mobility » Blog Archive » Indicators: Week of 5/27/07 Thu, 31 May 2007 06:41:19 +0000 http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-126495 <p>[...] Cellular airtime becomes the currency [...]</p> [...] Cellular airtime becomes the currency [...]

]]> By: Dean Collins http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-123295 Dean Collins Wed, 30 May 2007 12:24:51 +0000 http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-123295 <p>Yep I'd also like to see a little more substance to this article - chasing down leads like Wizzit leads me to believe this article is crap and someone has spun a story for particular reasons - when i come across badly written (eg obvious pr spin like these posts http://www.nextbillion.net/activitycapsule/wizzit ) you know something is rotten in Denmark.</p> <p>Sorry guys - you got sold a pup.</p> <p>If you have source evidence to the contrary I'd love to read a follow up article.</p> <p>Cheers, Dean</p> Yep I’d also like to see a little more substance to this article - chasing down leads like Wizzit leads me to believe this article is crap and someone has spun a story for particular reasons - when i come across badly written (eg obvious pr spin like these posts (link) ) you know something is rotten in Denmark.

Sorry guys - you got sold a pup.

If you have source evidence to the contrary I’d love to read a follow up article.

Cheers,
Dean

]]> By: UgoTrade » Blog Archive » The Level Playing Field: From Web 2.0 to World 2.0 and Virtual Life http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-119652 UgoTrade » Blog Archive » The Level Playing Field: From Web 2.0 to World 2.0 and Virtual Life Tue, 29 May 2007 14:35:35 +0000 http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-119652 <p>[...] GigaOM writes: While, most in the developed world fret about developing elegant and complex mobile transaction systems - folks who need mobile banking figure out things on their own. Using a little bit of common sense. [...]</p> [...] GigaOM writes: While, most in the developed world fret about developing elegant and complex mobile transaction systems - folks who need mobile banking figure out things on their own. Using a little bit of common sense. [...]

]]> By: Richard http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-118494 Richard Tue, 29 May 2007 07:38:06 +0000 http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-118494 <p>It stirs up many questions regarding regulation and taxation, or rather how the government will attempt to regulate such activities and collect there perverbial pound of flesh. Using mobile airtime is an interesting use of "primative money". Bullets, salt and other material goods have been used as currency in the not too distant past. Now we take a non-physical such as cellphone minutes and turn it into a medium of exchange. This evolution is very interesting indeed.</p> It stirs up many questions regarding regulation and taxation, or rather how the government will attempt to regulate such activities and collect there perverbial pound of flesh. Using mobile airtime is an interesting use of “primative money”. Bullets, salt and other material goods have been used as currency in the not too distant past. Now we take a non-physical such as cellphone minutes and turn it into a medium of exchange. This evolution is very interesting indeed.

]]> By: Chui http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-117235 Chui Tue, 29 May 2007 00:25:13 +0000 http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-117235 <p>How does this trading work technically?</p> How does this trading work technically?

]]> By: Ross Dawson http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-117233 Ross Dawson Tue, 29 May 2007 00:24:00 +0000 http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-117233 <p>Very interesting post Om - thanks. I've written before about how mobiles are leapfrogging the mobile internet in Africa. Mobile is becoming the de-facto platform for almost all communication and service delivery. Another thing this points to is e-cash solutions that emerge rather than are planned. This is particularly relevant in emerging economies, but may happen elsewhere. I've written about this in more detail at: http://www.rossdawsonblog.com/weblog/archives/2007/05/prepaid_mobile.html</p> Very interesting post Om - thanks. I’ve written before about how mobiles are leapfrogging the mobile internet in Africa. Mobile is becoming the de-facto platform for almost all communication and service delivery. Another thing this points to is e-cash solutions that emerge rather than are planned. This is particularly relevant in emerging economies, but may happen elsewhere. I’ve written about this in more detail at:
(link)

]]> By: weaverluke http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-114624 weaverluke Mon, 28 May 2007 10:08:59 +0000 http://gigaom.com/2007/05/27/in-africa-money-not-necessary-for-mobile-banking/#comment-114624 <p>Interesting post, Om—thanks for the pointer.</p> <p>My thoughts:</p> <p>Networked technology enables us to codify and transact information in a systematic way. It stands to reason that people will find more and more ways to tie the ephemeral values of that information to tangibly valuable things and services. And they don't need banks or governments to mediate the process (although the taxman is bound to take an interest soon enough!).</p> Interesting post, Om—thanks for the pointer.

My thoughts:

Networked technology enables us to codify and transact information in a systematic way. It stands to reason that people will find more and more ways to tie the ephemeral values of that information to tangibly valuable things and services. And they don’t need banks or governments to mediate the process (although the taxman is bound to take an interest soon enough!).

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