May 31, 2006
Your money or your phone
After a slightly unnerving journey through the dodgier parts of London on the Silverlink Line with a bunch of lager-swilling yoofs, I spotted this one at Richmond station:
Here’s the punchline:
I wonder if the mobile operators will ever wake up to the fact that they’re a great payments business with an unfortunately capital-hungry distribution network… Although looks like they’re already half-way there!
Posted by Martin Geddes at 11:21 PMTrackBack URL for this entry:
http://www.telepocalypse.net/cgi-sys/cgiwrap/mgeddes/MT/mt-tb.cgi/732.
Actually most operators are extremely poor payment processors - They offer appalling value for money, have a huge fraud problem and are very inefficient .
But then I would say that wouldn't I.... :-)
Actually, if you really want to see mobile payments in action, look to the complete consumer banking systems being offered via mobile phone in parts of the developing world.
Simon
Posted by: at June 1, 2006 12:41 AM"With usura hath no man a house of good stone
each block cut smooth and well fitting
that design might cover their face"
I was wondering when you'd notice that. Premium SMS must die.
Posted by: at June 1, 2006 11:21 AMWow, "texts cost GBP 1.50 plus your standard network rate" but CLIC Sargent gets only GBP 0.94 of that. So the carrier is taking 37% for a service charge, above the SMS charge. That seems like a lot to me. Is there no competition?
Posted by: at June 1, 2006 05:55 PMNote that the carrier was not specified...
Posted by: at June 1, 2006 11:47 PM