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tldr; NPP a mobile payment API inside your smartphone will make it easy to move cash among apps across phones too. it's like the 10th thing in mobile payment s

tldr; NPP a mobile payment API inside your smartphone will make it easy to move cash among apps across phones too. it's like the 10th thing in mobile payment space so why NPP differs and will win is not answered in comparison. you can skip mostly rhetorical, revisionist smartphone history and references to Kenya/Australia.

tyingq 9y ago
Stripe.com has their Connect product that can do one-to-many payments, server side. Not quite the same thing, but would likely suffice for many use cases.
zzalpha 9y ago
NPP isn't just a mobile payment solution, its a new platform for Australian banks to perform real-time clearing and settlements: https://en.m.wikipedia.org/wiki/New_Payments_Platform https://en.m.wikipedia.org/wiki/New_Payments_Platform It's basically an Australian national initiative backed by their banking system to build a whole new set of financial infrastructure. The RBC has a paper with an overview of these types of systems that could be worth a read if you're curious: http://www.bankofcanada.ca/wp-content/uploads/2016/06/sdp2016-14.pdf http://www.bankofcanada.ca/wp-content/uploads/2016/06/sdp201...
settsu 9y ago
Except I find I'm biased against an author when they make categorically false statements that are within the same realm as the primary topic. > It’s getting hard to remember, but a decade ago — before iPhone — all our mobiles were dumbphones. We’d use them to call or text and perhaps play the occasional game of snake. But that’s it. That’s all we could do. That's just simply unture. Yes, on the one hand, it's a contextually small detail. Unfortunately, on the other hand, I can't help feel it calls into question the rest of the content since they couldn't be bothered inform them self on a basis point. Edit: Blockquote fail
- falsedan 9y ago
  Yes, this article is terrible; it wastes the reader's time with pointless minutia, uses too much rhetoric, and doesn't get its facts in order. > writes for El Reg
- djrogers 9y ago
  Yes, it is technically untrue, but it's close enough to true that it shouldn't be big point of contention. In 2006 64million smartphones were sold. vs ~1billion total cell phones. Given that dumbphones were not replaced nearly as often as smartphones, it's very easy to extrapolate that well under 5% of the phones in the world were smartphones.

tyingq 9y ago

Stripe.com has their Connect product that can do one-to-many payments, server side. Not quite the same thing, but would likely suffice for many use cases.

zzalpha 9y ago

NPP isn't just a mobile payment solution, its a new platform for Australian banks to perform real-time clearing and settlements: https://en.m.wikipedia.org/wiki/New_Payments_Platform https://en.m.wikipedia.org/wiki/New_Payments_Platform It's basically an Australian national initiative backed by their banking system to build a whole new set of financial infrastructure. The RBC has a paper with an overview of these types of systems that could be worth a read if you're curious: http://www.bankofcanada.ca/wp-content/uploads/2016/06/sdp2016-14.pdf http://www.bankofcanada.ca/wp-content/uploads/2016/06/sdp201...

settsu 9y ago

Except I find I'm biased against an author when they make categorically false statements that are within the same realm as the primary topic. > It’s getting hard to remember, but a decade ago — before iPhone — all our mobiles were dumbphones. We’d use them to call or text and perhaps play the occasional game of snake. But that’s it. That’s all we could do. That's just simply unture. Yes, on the one hand, it's a contextually small detail. Unfortunately, on the other hand, I can't help feel it calls into question the rest of the content since they couldn't be bothered inform them self on a basis point. Edit: Blockquote fail

falsedan 9y ago
Yes, this article is terrible; it wastes the reader's time with pointless minutia, uses too much rhetoric, and doesn't get its facts in order. > writes for El Reg
djrogers 9y ago
Yes, it is technically untrue, but it's close enough to true that it shouldn't be big point of contention. In 2006 64million smartphones were sold. vs ~1billion total cell phones. Given that dumbphones were not replaced nearly as often as smartphones, it's very easy to extrapolate that well under 5% of the phones in the world were smartphones.