<html><head><meta http-equiv="content-type" content="text/html; charset=utf-8"></head><body dir="auto"><div>+1 Adam. </div><div><br></div><div>I think we are seeing the usual big boys of cashless payments being dis-intermediated by the Safaricom's and Squares of this world.</div><div><br></div><div>One up for a Flat World! <br><br><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);">Ali Hussein</span></div><div><br></div><div style="font-family: Helvetica; font-size: medium; -webkit-tap-highlight-color: rgba(26, 26, 26, 0.296875); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); -webkit-text-size-adjust: auto; ">+254 0770 906375 / 0713 601113</div><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.292969); -webkit-composition-fill-color: rgba(175, 192, 227, 0.230469); -webkit-composition-frame-color: rgba(77, 128, 180, 0.230469); "><br></span></div><div>"I fear the day technology will surpass human interaction. The world will have a generation of idiots". ~ Albert Einstein</div><div><span style="-webkit-tap-highlight-color: rgba(26, 26, 26, 0.294118); -webkit-composition-fill-color: rgba(175, 192, 227, 0.231373);"><br></span></div>Sent from my iPad</div><div><br>On Jan 9, 2014, at 10:51 AM, Adam Nelson <<a href="mailto:adam@varud.com">adam@varud.com</a>> wrote:<br><br></div><blockquote type="cite"><div><div dir="ltr">There are so many counterfactuals to your statement that it at least deserves mention:<div><br></div><div><a href="http://amazon.com">amazon.com</a> online store</div><div>Walmart/Nakumatt physical store</div>
<div><br></div><div>Cash is always better because it has no direct risk but:</div><div><br></div><div>1. Cash can be more easily stolen</div><div>2. Cash can be skimmed by employees</div><div>3. Cash takes time to be able to be used elsewhere (i.e. you typically have to deposit it into a bank in order to pay vendors)</div>
<div>4. Cash is difficult to account for in real time</div><div>5. Cash is hard to physically move in branch networks</div><div>6. Cash is annoying for some buyers (i.e. those who want to buy more product than they have cash for in their pocket)</div>
<div><br></div><div>A 1% fee to use money that is instantly available and represents the full liquid assets of a consumer and is harder to steal is worth the cost hands down - and I think most thoughtful business people would agree.</div>
</div><div class="gmail_extra"><br clear="all"><div><div dir="ltr"><div>--</div><div>Kili.io - OpenStack for Africa: <a href="http://kili.io" target="_blank">kili.io</a></div><div><span style="font-family:arial;font-size:small">Musings:<a href="https://twitter.com/varud" target="_blank"> twitter.com/varud</a></span></div>
<div><span style="font-family:arial;font-size:small">About Adam: <a href="https://www.linkedin.com/in/adamcnelson" target="_blank">www.linkedin.com/in/adamcnelson</a></span><br></div></div></div>
<br><br><div class="gmail_quote">On Thu, Jan 9, 2014 at 10:41 AM, Mbugua Njihia <span dir="ltr"><<a href="mailto:mbugua.njihia@gmail.com" target="_blank">mbugua.njihia@gmail.com</a>></span> wrote:<br><blockquote class="gmail_quote" style="margin:0 0 0 .8ex;border-left:1px #ccc solid;padding-left:1ex">
<div dir="ltr"><div class="gmail_default"><p style="font-family:arial,sans-serif;font-size:13px;margin:0px 0px 20px;line-height:18px;word-wrap:break-word;color:rgb(51,51,51)"><font face="georgia, serif">The numbers on some alternative payment channels are; Safaricom on its Lipa na Mpesa service takes 1% of each transaction value, Equity Bank with their transport centric service BebaPay which is in partnership with Google take 5%, while PesaPal a payment services aggregator levies a 3.5% transaction fee on e-commerce, bill payments and invoicing and 5% on ticketing.</font></p>
<div class="gmail_default" style="font-family:arial,sans-serif;font-size:small"><font face="georgia, serif"><span style="color:rgb(51,51,51);font-size:13px;line-height:18px">For service based businesses, these transaction fees could be considered okay, but for those moving product, a deeper analysis will reveal why adoption may be stifled.</span></font></div>
<div class="gmail_default" style="font-family:arial,sans-serif;font-size:small"><font face="georgia, serif"><br></font></div><div class="gmail_default"><font face="georgia, serif" style="font-family:arial,sans-serif;font-size:small">More here - </font><font color="#1155cc" face="georgia, serif"><u><a href="http://www.mbuguanjihia.com/business/mobile-money-versus-cash-devil-details.html" target="_blank">http://www.mbuguanjihia.com/business/mobile-money-versus-cash-devil-details.html</a></u></font></div>
</div><div class="gmail_extra"><div><div style="text-align:center">.</div></div></div></div>
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