Comments on: MXit Mobile Banking with Standard Bank (told you so) http://www.webaddict.co.za/2009/02/17/mxit-standard-bank-mobile-banking-mimoney/ Web Apps, Design, Development & Innovation in Cape Town Thu, 09 Feb 2012 13:48:00 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Rafiq Phillipshttp://www.webaddict.co.za/2009/02/17/mxit-standard-bank-mobile-banking-mimoney/comment-page-1/#comment-52313 Rafiq Phillips Thu, 19 Feb 2009 08:10:22 +0000 http://www.webaddict.co.za/?p=1613#comment-52313 Thanks for your comment Stephen. As I stated in the blog post (the bits that aren't bold) "solution for our commercial partners to monetize their services and products on MXit"also..."Will ‘Mxit Money’ be able to penetrate areas where others in the mobile banking/micropayment arena, like M-PESA, do not have a huge market share yet?"M-PESA is not only used for airtime, it is mainly used for micropayments and saving money in areas without any real banks or ATMs. Even though the money does not gain interest when saved in M-PESA. It is a safer way for the unbanked to bank.I agree with the tickets bit, MiMoney already has partnered with Sterkinekor, so has MXit, so I'm pretty sure purchasing movie tickets will be one of the first things you'll be able to do from within MXit using MiMoney.What do you think Stephen? Thanks for your comment Stephen. As I stated in the blog post (the bits that aren’t bold) “solution for our commercial partners to monetize their services and products on MXit”

also…

“Will ‘Mxit Money’ be able to penetrate areas where others in the mobile banking/micropayment arena, like M-PESA, do not have a huge market share yet?”

M-PESA is not only used for airtime, it is mainly used for micropayments and saving money in areas without any real banks or ATMs. Even though the money does not gain interest when saved in M-PESA. It is a safer way for the unbanked to bank.

I agree with the tickets bit, MiMoney already has partnered with Sterkinekor, so has MXit, so I’m pretty sure purchasing movie tickets will be one of the first things you’ll be able to do from within MXit using MiMoney.

What do you think Stephen?

]]> By: Stephenhttp://www.webaddict.co.za/2009/02/17/mxit-standard-bank-mobile-banking-mimoney/comment-page-1/#comment-52311 Stephen Thu, 19 Feb 2009 00:01:35 +0000 http://www.webaddict.co.za/?p=1613#comment-52311 I think that you might be missing the big picture... consumers are not looking for another payment mechanism just so that they can purchase Moola, they can already do that using airtime (and they do not realise how much of the value of that airtime is lost in the chain because Mxit does a good job of shielding them from that)MiMoney allows Mxit to begin to offer the kinds of products and services that currently cannot sustain the massive airtime discounts that are typical in the mobile commerce industry. Typical candidates here are commercial music and real world (non-digital) items such as tickets, etc.MiMoney allows Mxit to begin to turn its captive audience of over 9 million users into a real market place for itself and its comercial partners. I think that you might be missing the big picture… consumers are not looking for another payment mechanism just so that they can purchase Moola, they can already do that using airtime (and they do not realise how much of the value of that airtime is lost in the chain because Mxit does a good job of shielding them from that)

MiMoney allows Mxit to begin to offer the kinds of products and services that currently cannot sustain the massive airtime discounts that are typical in the mobile commerce industry. Typical candidates here are commercial music and real world (non-digital) items such as tickets, etc.

MiMoney allows Mxit to begin to turn its captive audience of over 9 million users into a real market place for itself and its comercial partners.

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