hisah wrote:
Visa and MasterCard are jumping into the mobile money game. World bank is following too.
I think we are seeing computer's in the 50's
Internet in the 90s
All brought about unprecedented industrial shifts and I'm seeing a banking shift happening.
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I agree.Banking isn't necessarily changing but cash and thats why banks are threatened because they're are losing the position they once held.
Mpesa is trying to create a simple yet versatile solution.The problem with the other players is they are trying to catch up instead of preempt.As alma says,we are guinea pigs since mobile money took off here and I think Visa and MasterCard are terrified of what this concept might do to their business.I don't know if its possible,but the simcard of the future might just have NFC and then everything changes,unless a new technology comes in.