Minutes to Money

How Africa Hacked the Cellphone and Changed the Credit Card Industry

Antoine RJ Wright

Founder/Primary Voice, Mobile Ministry Magazine

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Outline

• Introduction
• 4 Questions
• Conclusion
• Questions/Discussion

Quote

"11% of Kenya's GDP was shifted through M-Pesa, and this year we expect to shift 20% (TotalTelecom)"

2009, Erik Hersman (ICTWorks)

Questions

• How Does This Happen?
• Anything Like This Happen Before?
• Can This Happen Anywhere?
• What Happens Next?

How Does This Happen?

• Cultural Traditions
• Economic Traditions
• Mobile's Disruption

Anything Like This Happen Before?

• Mobile Wallet (South Korea, Japan, DoCoMo/FeliCa)
• SMS Replacing Cash (Estonia, Finland, SK, Japan)

Can This Happen Anywhere?

• Cultural Challenges
• Technical Challenges
• Opportunities for Disruption

What Happens Next?

• NFC (Google Wallet, Isis)
• Square and Small Businesses
• Nokia Money, PayPal Mobile, M-Kesho (Bakning Services on Mobile)
• Opportunities

Conclusion

• Cashless future is inevitable (link)
• Cultural activities are as important as technical challenges
• Opportunities come from diverse places/economic groups
• Technology is only relevant when it is personal; it only transforms when it is valued - so what is the value of mobile money transfers

Contact

• Web: mobileministrymagazine.com
• Twitter: @mobileminmag

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