Post Tagged with: "mpesa"

The Pan African Currency Union based on bitcoin replaces US $ as reserve currency

by June 12, 2015 at 2:08 am 0 comments

Headline found in Business Insider dated 2025. This is science fiction, which is a fun way to speculate on the future – just ask Arthur C Clark, the science fiction writer who is credited with the idea for geo stationary satellites for telecommunications in 1945. Warning: the value of BitcoinRead More

For Bitcoin To Get Mass Adoption in Underbanked, It Has To Be More Like M-Pesa

by February 25, 2015 at 5:15 am 0 comments

The meme that mass adoption for Bitcoin will happen first in the developing world is spreading fast. I don’t buy it. These stories are written by people in the West who are Bitcoin enthusiasts and who are depressed by the lack of mass adoption in the West. So, they graspRead More

SendWave Shows Mobile Banking for the Poor That Bill Gates Talks About

by February 9, 2015 at 1:51 am 0 comments

@Bill Gates is famous for kicking off the Fintech revolution way back in 1994 when he declared: “Banking is necessary – banks are not.” Ok, he was a bit early – like getting into PCs in 1975 – but right. Since leaving Microsoft he has been spending his fortune andRead More

Zidisha takes a radical approach to the global underbanked market

Zidisha takes a radical approach to the global underbanked market

by January 26, 2015 at 4:04 am 2 comments

Banks are worried that Fintech startups will “eat their lunch”, cherry picking their most valuable customers one service at a time. Instead of thinking defensively in traditional red ocean markets, they could be looking at blue ocean markets that they are not serving today. One of the biggest blue ocean markets is the underbanked. These…Read more Zidisha takes a radical approach to the global underbanked market

M-Pesa and Bitcoin are mirror images of each other

by November 27, 2014 at 12:38 am 1 comment

M-Pesa started in Kenya because people were trading their mobile phone minutes; in a world without bank accounts or landlines, these mobile minutes were vital to life and were a form of currency. The roadside stands (a kind of decentralized Wallmart) became the bank where you could convert mobile minutes into Kenyan Fiat. Bankers lobbied…Read more M-Pesa and Bitcoin are mirror images of each other

Telecom firms keep on being disrupted, so will they disrupt banks?

by November 7, 2014 at 2:31 am 0 comments

Speculation alert; I am reporting on what could/should happen, not on what just happened. Poor old telecoms companies – who loves ya? Consumers feel they have been paying too much for years, first for log distance and then for mobile roaming. So we all cheer when Whatsapp and Skype and others come along to use […]

Coolest Brands 2014: The Gold Standard in Mobile Payments

Coolest Brands 2014: The Gold Standard in Mobile Payments

by February 24, 2014 at 10:44 am 0 comments

It just might be impossible to talk about banking services for the underdeveloped world without mentioning M-Pesa. Launched in 2007 by mobile network operator Safaricom in Kenya, M-Pesa has become one of the leading money transfer — and money storage — vehicles in Africa. Today, there are more than 15Read More

M-Pesa is Smoking Bitcoin in Number of Transactions

M-Pesa is Smoking Bitcoin in Number of Transactions

by February 14, 2014 at 9:37 am 3 comments

The media is abuzz with bitcoin stories, but the cryptocurrency’s number of transactions is essentially flat since its 2009 launch. Meanwhile, M-Pesa, the mobile money movement service that began in Kenya in 2007 and has since spread to other financially underserved countries, is seeing steady growth in number of transactions.Read More