NFC just might be the next big thing in mobile payments in Africa
Mobile payments has taken the attention of many firms globally from mobile network operators, credit card providers and others looking to benefit from the mobile lifestyles of the worlds 5 billion plus connected consumers. MasterCard, Visa, Western Union, PayPal and a host of startups are dabbling in the space with each jostling for leadership position in a billion dollar market opportunity. Complete article here - bit.ly/K0nEmX
Personally I see NFC as an over hyped technology, It does nothing new, you still need the tills, you still need to go to the counters and for all intents, it only saves a couple of seconds (swiping vs NFC'ing), It also requires a substantial amount of capital outlay to roll out with little in terms of value proposition. my 2cnts. On Thu, May 3, 2012 at 1:08 PM, Mbugua Njihia <mbugua@symbiotic.co.ke>wrote:
Mobile payments has taken the attention of many firms globally from mobile network operators, credit card providers and others looking to benefit from the mobile lifestyles of the worlds 5 billion plus connected consumers. MasterCard, Visa, Western Union, PayPal and a host of startups are dabbling in the space with each jostling for leadership position in a billion dollar market opportunity.
Complete article here - bit.ly/K0nEmX****
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Housing Finance Bank in Uganda today launched a payment solution called MCash that combines access channels of fingerprint biometrics, NFC, mobile and web... On Thu, May 3, 2012 at 1:24 PM, Collins Areba <arebacollins@gmail.com>wrote:
Personally I see NFC as an over hyped technology, It does nothing new, you still need the tills, you still need to go to the counters and for all intents, it only saves a couple of seconds (swiping vs NFC'ing), It also requires a substantial amount of capital outlay to roll out with little in terms of value proposition.
my 2cnts.
On Thu, May 3, 2012 at 1:08 PM, Mbugua Njihia <mbugua@symbiotic.co.ke>wrote:
Mobile payments has taken the attention of many firms globally from mobile network operators, credit card providers and others looking to benefit from the mobile lifestyles of the worlds 5 billion plus connected consumers. MasterCard, Visa, Western Union, PayPal and a host of startups are dabbling in the space with each jostling for leadership position in a billion dollar market opportunity.
Complete article here - bit.ly/K0nEmX****
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-- *“The twentieth century has been characterized by three developments of great political importance: the growth of democracy, the growth of corporate power, and the growth of corporate propaganda as a means of protecting corporate power against democracy”*
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-- Brian Munyao Longwe e-mail: blongwe@gmail.com cell: +254715964281 blog : http://zinjlog.blogspot.com meta-blog: http://mashilingi.blogspot.com "Give us clear vision that we may know where to stand and what to stand for, because unless we stand for something, we shall fall for anything."
In my mind the way to think about contactless payment technologies such as NFC is not so much the payment transaction but more as enablers that allow much more rich content to be embedded into a transaction, a good example being Google wallet, the elegance of the solution is not so much that you can pay but the ability to dynamically combine offers, coupons, loyalty as well as payment in one single transaction something that’s not currently possible with your bank issued plastic. The amount or data that can be harvested makes this technology priceless for merchants/banks/advertisers etc. In Africa and other non-terminalised markets there is a lot of interest as to whether NFC enabled phones can be used as merchant devices in place of bulky terminals or whether the solution is to have square like devices and potentially issue accompanying plastic to mobile money wallets such as Mpesa. Wonder what you all think the future of payments in .ke will look like. Regards, John M. Fellow Skunk
On Thu, May 3, 2012 at 4:07 PM, John Maina <mwasjunior@gmail.com> wrote:
In my mind the way to think about contactless payment technologies such as NFC is not so much the payment transaction but more as enablers that allow much more rich content to be embedded into a transaction, a good example being Google wallet, the elegance of the solution is not so much that you can pay but the ability to dynamically combine offers, coupons, loyalty as well as payment in one single transaction something that’s not currently possible with your bank issued plastic. The amount or data that can be harvested makes this technology priceless for merchants/banks/advertisers etc. In Africa and other non-terminalised markets there is a lot of interest as to whether NFC enabled phones can be used as merchant devices in place of bulky terminals or whether the solution is to have square like devices and potentially issue accompanying plastic to mobile money wallets such as Mpesa. Wonder what you all think the future of payments in .ke will look like.
What you have described above was launched in Uganda by Housing Finance Bank today - POS terminals that support fingerprint biometric and NFC - used both as enrolment and transactional devices. Users can opt to transact using their virtual wallet via mobile (IVR/SMS), biometric, NFC or web.... Mblayo
Regards, John M. Fellow Skunk
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-- Brian Munyao Longwe e-mail: blongwe@gmail.com cell: +254715964281 blog : http://zinjlog.blogspot.com meta-blog: http://mashilingi.blogspot.com "Give us clear vision that we may know where to stand and what to stand for, because unless we stand for something, we shall fall for anything."
The new Samsung Galaxy S3 has an interesting feature that utilizes NFC: "*S Beam, which pairs other Galaxy S III phones (and only them, for now) via NFC, shares photos, videos, files or even albums of media over Wi-Fi. If your friend's S III doesn't have Wi-Fi enabled, S Beam will automatically turn that user's Wi-Fi on, and then off.*" Source: http://gizmodo.com/5907416/samsung-galaxy-s-iii-meet-the-new-android-emperor On Thu, May 3, 2012 at 4:18 PM, Brian Munyao Longwe <blongwe@gmail.com>wrote:
On Thu, May 3, 2012 at 4:07 PM, John Maina <mwasjunior@gmail.com> wrote:
In my mind the way to think about contactless payment technologies such as NFC is not so much the payment transaction but more as enablers that allow much more rich content to be embedded into a transaction, a good example being Google wallet, the elegance of the solution is not so much that you can pay but the ability to dynamically combine offers, coupons, loyalty as well as payment in one single transaction something that’s not currently possible with your bank issued plastic. The amount or data that can be harvested makes this technology priceless for merchants/banks/advertisers etc. In Africa and other non-terminalised markets there is a lot of interest as to whether NFC enabled phones can be used as merchant devices in place of bulky terminals or whether the solution is to have square like devices and potentially issue accompanying plastic to mobile money wallets such as Mpesa. Wonder what you all think the future of payments in .ke will look like.
What you have described above was launched in Uganda by Housing Finance Bank today - POS terminals that support fingerprint biometric and NFC - used both as enrolment and transactional devices. Users can opt to transact using their virtual wallet via mobile (IVR/SMS), biometric, NFC or web....
Mblayo
Regards, John M. Fellow Skunk
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-- Brian Munyao Longwe e-mail: blongwe@gmail.com cell: +254715964281 blog : http://zinjlog.blogspot.com meta-blog: http://mashilingi.blogspot.com
"Give us clear vision that we may know where to stand and what to stand for, because unless we stand for something, we shall fall for anything."
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-- Regards, Peter Karunyu -------------------
participants (5)
-
Brian Munyao Longwe -
Collins Areba -
John Maina -
Mbugua Njihia -
Peter Karunyu