For Finextra's free daily newsletter, breaking news and flashes and weekly job board.
It happens all the time. Monopolies and market leaders resist change wherever that change is going to cut their margins or reduce their market share. They may 'play the game' and participate in regulator or consumer-body led initiatives (like GSMA MMT)
but really they have little vested interest in changing the status quo just to offer a better, cheaper service to the customer.
I think it takes a law or an edict from the regulators to push it through, and even then it will be challenged and delayed as long as possible - which is what is happening here. Even the best ideas can be sunk with enough FUD.
It's just how business is I guess.
Citadel Advantage Ltd
09 Oct 2006