Mobile wallets are mainstream…no they’re not…yes, they are…
I want my NFC…what about a QR code or P2P?
Tablets and smartphones, stored-value, account-to-mobile, don’t forget CARDS!
Cash and cheques - your days are numbered…is there a date on that? Long live cash and cheques!
Buyit, Pingit, Zapp-it, contactless sticker tap it, iTunes, Amazon…but I don’t even like Starbucks! (Don’t make me drink it)
Can you stamp a loyalty card on a phone? Can you offer me a discount, voucher…go on send me an ‘I’m awesome’ text…I’m dying to be your ‘brand ambassador’.
Just because you know my location do you know who I am!? Take all my data, give me better deals…wait you’re taking my data? But that’s private!
Why did M-Pesa only work in Kenya? Hey, do we even need banks? Who stole all my bitcoins?
I’m not scared of you, REGULATIONS! Hey, did you just bite me in the arse?
If I hear one more debate or argument about the future or non-future of mobile in banking and payments I’m going to scream. You know what one thing all these non-sequiturs, and questions and statements have in common? There all about stuff. They’re about
the app, or the device or the tech.
Do you know who really is mobile? You are.
Nine year old boys don’t care about any of the above when they ask: ‘Mummy, can you top up my finger?’ Huh?
Let me explain…
I’m not a big fan of showing a picture of a baby with an iPad as evidence of ‘Hey, look this inter-web thing all the kids are taking about, it's going to be big!’ You know what else babies do? They fart at random and think their feet taste awesome.
But a few weeks ago someone sat up at an event I attended (pick one) commented that their son’s school runs a ‘fingerprint identification’ system for school payments. So every week she gets met with a request from her nine year old: “Mummy, can you top up
Go ahead argue until the cows come home about PSD compliance and the merits of NFC vs QR codes. The only thing that will remain the same when that nine year old is as old as me is that there will be people, who are mobile, and there will be payments that
they will want to make.
Go on…top up my finger. :-)