[kictanet] Disruptive technology: Facebook launches Payments on WhatsApp

Tue Jun 16 12:11:01 EAT 2020

Listers

My thoughts.

Whatsapp Pay is just riding on existing Financial Services Infrastructure
with its attendant costs, limitations, and regulatory snafus. The only
great innovation here is that they have 2 billion users. See link below to
an ongoing discussion on Linkedin.

WhatsApp launches WhatsApp Pay in Brazil
<https://www.linkedin.com/feed/update/urn:li:activity:6678522294119350272/>

Regards

*Ali Hussein*

Digital Transformation

Tel: +254 713 601113

Twitter: @AliHKassim

Skype: abu-jomo

LinkedIn: http://ke.linkedin.com/in/alihkassim
<http://ke.linkedin.com/in/alihkassim>

Any information of a personal nature expressed in this email are purely
mine and do not necessarily reflect the official positions of the
organizations that I work with.

On Tue, Jun 16, 2020 at 11:44 AM Paul Magacha via kictanet <
kictanet at lists.kictanet.or.ke> wrote:

> Eric,
> True, this is an interesting development and definitely appropriate for
> the demographic that heavily depends on WhatsApp.
>
> For me WhatsApp doesn’t really lend itself well for the kind of e-commerce
> engagement I’m used to but I definitely see it’s been working well for
> early adopters populations.
>  For example, Kenyans seem to respond well to WhatsApp groups vs Facebook
> groups. Whereas Facebook allowed threaded conversations which are easy to
> follow,WhatsApp does yet Kenyans and others are ok having 20 different
> active conversations going on in the group. It’s personally too exhausting
> for me.
>
> If the WhatsApp for business offers better conversations moderation then
> that’d work.  Anyway, I am not their demographic so I can’t relate to this
> product.
>
> But again for Kenya we still have a large Kabambe population so mpesa is
> more practical for that market. I’m sure safaricom is going to work hard to
> defend that market.
> Paul.
>
> Sent from my iPhone
>
> On Jun 16, 2020, at 11:31 AM, Erick Mwangi via kictanet <
> kictanet at lists.kictanet.or.ke> wrote:
>
> 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, <
> kictanet at lists.kictanet.or.ke> 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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> for people and institutions interested and involved in ICT policy and
> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
>
> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people's times and bandwidth,
> share knowledge, don't flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
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> The Kenya ICT Action Network (KICTANet) is a multi-stakeholder platform
> for people and institutions interested and involved in ICT policy and
> regulation. The network aims to act as a catalyst for reform in the ICT
> sector in support of the national aim of ICT enabled growth and development.
>
> KICTANetiquette : Adhere to the same standards of acceptable behaviors
> online that you follow in real life: respect people's times and bandwidth,
> share knowledge, don't flame or abuse or personalize, respect privacy, do
> not spam, do not market your wares or qualifications.
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