Disruptive technology: Facebook launches Payments on WhatsApp

Listers,

Unless govt uses tax mechanisms to make WhatsApp unfavourable in this
market, if they were to appear on our shores then it would be Checkmate
Safcom, but we all know that can\’t happen.

The exhobitant cost of Mpesa continues to baffle me, Alibaba has free P2P
transactions but we are still charged an arm and a leg.

Payments of the future are lifestyle based where the friction between
entertainment and purchasing does not exist. We have to move beyond SMS
based payments. That vertical simply is for yesteryear.

Eric

On Tue, 16 Jun 2020, 09:14 Paul Magacha via kictanet, <
[email protected]> wrote:

>
> Dear Listers,
> Another disruption in the mobile payments market.
> Who will be the biggest winners? Biggest losers? Partner or compete?
> Today Facebook launches payments on WhatsApp in Brazil using Facebook Pay.
> \”We\’re making sending and receiving money as easy as sharing photos.\”
> They are also enabling small businesses to make sales right within
> WhatsApp.
>
> It rolls out in Brazil today but Asia and Africa will soon follow as they
> are the biggest markets for Facebook.
> Interesting times ahead..
> Regards,
> Paul.
>
> Sent from my iPhone
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