Comments on: Standard Bank seeks to head off M-Pesa threat http://www.techcentral.co.za/standard-bank-seeks-to-head-off-m-pesa-threat/13610/ South Africa's technology news leader Mon, 21 May 2012 08:37:00 +0000 hourly 1 http://wordpress.org/?v=3.3.2 By: Not Likely http://www.techcentral.co.za/standard-bank-seeks-to-head-off-m-pesa-threat/13610/comment-page-1/#comment-5398 Not Likely Sun, 28 Mar 2010 09:02:46 +0000 http://www.techcentral.co.za/?p=13610#comment-5398 @Rider Rob maybe a bit of disclosure required before the advert-comment? Mobile banking - everyone seems to be convinced it's the next great money spinner leveraging off the unbanked masses, yet nothing concrete has emerged. where is the take-up? 'x many people have mobile phones' seems to be the basis for most of these business cases - but if my experience on the VC prepaid customer service side is anything to go by, most people in that income bracket don't trust the network at all and still prefer to work with cash. WASP's continue to shaft the lower income bracket with premium rated services that have zero delivery (smartcall insurance by premium rated sms, lookin' at you..), and the networks expect the same people to trust them with funds transfer. Gartner predicts money transfer via mobile to be one of the top 10 by 2012, but the dots don't really seem to connect in the SA market - even though the product development departments of a bunch of SA mobile money companies are desperate to believe they do. @Rider Rob maybe a bit of disclosure required before the advert-comment?

Mobile banking – everyone seems to be convinced it’s the next great money spinner leveraging off the unbanked masses, yet nothing concrete has emerged. where is the take-up?

‘x many people have mobile phones’ seems to be the basis for most of these business cases – but if my experience on the VC prepaid customer service side is anything to go by, most people in that income bracket don’t trust the network at all and still prefer to work with cash. WASP’s continue to shaft the lower income bracket with premium rated services that have zero delivery (smartcall insurance by premium rated sms, lookin’ at you..), and the networks expect the same people to trust them with funds transfer.

Gartner predicts money transfer via mobile to be one of the top 10 by 2012, but the dots don’t really seem to connect in the SA market – even though the product development departments of a bunch of SA mobile money companies are desperate to believe they do.

]]> By: Rider Rob http://www.techcentral.co.za/standard-bank-seeks-to-head-off-m-pesa-threat/13610/comment-page-1/#comment-5328 Rider Rob Fri, 26 Mar 2010 09:38:08 +0000 http://www.techcentral.co.za/?p=13610#comment-5328 Ho Hum, way behind! Go take a look at FLASH. They do a LOT more than just transfer and dont charge for transactions between FLASH customers. Can cash in and out at a Spaza, send cash to others, EARN cash by selling things like airtime and electricity etc etc. They will put the big 4 on the back foot and offer a real alternative and ALMOST free banking. Way to go FLASH. Ho Hum, way behind! Go take a look at FLASH. They do a LOT more than just transfer and dont charge for transactions between FLASH customers. Can cash in and out at a Spaza, send cash to others, EARN cash by selling things like airtime and electricity etc etc. They will put the big 4 on the back foot and offer a real alternative and ALMOST free banking. Way to go FLASH.

]]> By: Staples http://www.techcentral.co.za/standard-bank-seeks-to-head-off-m-pesa-threat/13610/comment-page-1/#comment-5255 Staples Thu, 25 Mar 2010 15:36:14 +0000 http://www.techcentral.co.za/?p=13610#comment-5255 Nothing new or innovative here. Shoprite/Checkers and its partners did this almost 4 years ago now (so long ago we have all forgotten). SPAR and Std bank just catching-up in my opinion. The price for his type of service is set at R9.99 so S & S will have to to follow suite unless their distribution is a clear advantage. A vanilla money transfer services have been done and these companies should be thinking further than just money transfer if they want to ensure that they don't waste their money. If I recall SPAR tried something similar with MTN Money Transfer about a year ago and have not heard of them since. A voucher number sms'd to a cell number does not constitute a cellphone money transfer. Nothing new or innovative here. Shoprite/Checkers and its partners did this almost 4 years ago now (so long ago we have all forgotten). SPAR and Std bank just catching-up in my opinion. The price for his type of service is set at R9.99 so S & S will have to to follow suite unless their distribution is a clear advantage. A vanilla money transfer services have been done and these companies should be thinking further than just money transfer if they want to ensure that they don’t waste their money. If I recall SPAR tried something similar with MTN Money Transfer about a year ago and have not heard of them since. A voucher number sms’d to a cell number does not constitute a cellphone money transfer.

]]> By: Wogan http://www.techcentral.co.za/standard-bank-seeks-to-head-off-m-pesa-threat/13610/comment-page-1/#comment-5246 Wogan Thu, 25 Mar 2010 14:23:51 +0000 http://www.techcentral.co.za/?p=13610#comment-5246 More and more innovation. It's like someone finally opened the window. ~ Wogan More and more innovation. It’s like someone finally opened the window.

~ Wogan

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