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There's still more to this than just having payment infrastructure. People need to have cards, the cards need to have money on them - both of these are already
by tazjin 6y ago
There's still more to this than just having payment infrastructure.
People need to have cards, the cards need to have money on them - both of these are already assumptions that aren't guaranteed to hold for a lot of people.
- Aperocky 6y agoMoving to cellphone payments is actually easier than having cards though.
- tazjin 6y agoCell networks are only semi-reliable here, a significant portion of people don't use smart phones (or really care about their phones), and that also needs to be linked to some electronic "value store". Sure, it's possible to overcome all of these things in theory - but at what benefit to the population? Cashless payments are not a goal in and of themselves.
- subsaharancoder 6y agoYou don't need a smartphone to enable cellphone financial transactions, check out Kenya's Safaricom Mpesa https://en.wikipedia.org/wiki/M-Pesa https://en.wikipedia.org/wiki/M-Pesa which is SIM card based, doesn't use any data, has the option of using USSD or Mobile App. It's already available in Egypt.
- warkdarrior 6y agoWhat do University of South Sudan denars have to do with Kenya?
- subsaharancoder 6y agoCan't tell if you're being serious or just trolling, but I'll bite so here you go USSD https://en.wikipedia.org/wiki/Unstructured_Supplementary_Service_Data https://en.wikipedia.org/wiki/Unstructured_Supplementary_Ser...
- xeromal 6y agoYou missed his last point though. Cashless payments are not a goal in and of themselves. What benefit do these people gain?
- Aperocky 6y agoIt's more safe and more convenient?
- tinus_hn 6y agoSurely a newly built government seat dream city will come with mobile phone coverage.