Actually, they've not been as disruptive as expected. Mobile Money providers have accounts at Banks (For Mobile Money settlements) & they also borrow from main stream financial institutions thereby giving them business. In my opinion, the future of Finance isn't that Mobile Money will replace banks but that there will be increased integrations between the two. What has made Mobile Money popular would go away if they were subject to thr same regulation that banks are subject to, hence its a smarter move for them I think to keep banks around.
Actually, they've not been as disruptive as expected. Mobile Money providers have accounts at Banks (For Mobile Money settlements) & they also borrow from main stream financial institutions thereby giving them business. In my opinion, the future of Finance isn't that Mobile Money will replace banks but that there will be increased integrations between the two. What has made Mobile Money popular (Low KYC requirement & little to no regulation on their operations) would go away if they were subject to thr same regulation that banks are subject to, hence its a smarter move for them I think to keep banks around.
In other words, it will happen. Because no bank just shuts down its retail branches and alienates in entire retail segment, leaving them hanging with no working ATMs.
Great content, as always! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
I think Airtel Money has disrupted these Banks to their knees
100%
And MTN too. In fact, even Zamtel has contributed to this. Standard should consider the public to buy some shares. I’d like to buy some
Actually, they've not been as disruptive as expected. Mobile Money providers have accounts at Banks (For Mobile Money settlements) & they also borrow from main stream financial institutions thereby giving them business. In my opinion, the future of Finance isn't that Mobile Money will replace banks but that there will be increased integrations between the two.
What has made Mobile Money popular would go away if they were subject to thr same regulation that banks are subject to, hence its a smarter move for them I think to keep banks around.
Actually, they've not been as disruptive as expected. Mobile Money providers have accounts at Banks (For Mobile Money settlements) & they also borrow from main stream financial institutions thereby giving them business. In my opinion, the future of Finance isn't that Mobile Money will replace banks but that there will be increased integrations between the two.
What has made Mobile Money popular (Low KYC requirement & little to no regulation on their operations) would go away if they were subject to thr same regulation that banks are subject to, hence its a smarter move for them I think to keep banks around.
In other words, it will happen. Because no bank just shuts down its retail branches and alienates in entire retail segment, leaving them hanging with no working ATMs.
LIQUIDATION!!!!!!!!!!!!!!!!!!!!!!!
Most citizens affected though....so long mobile money is about, then we are good.😁
Very informative. 👏🏽
you should have owe indigenous banks
Great content, as always! I have a quick question: I have a SafePal wallet with USDT, and I have the seed phrase. (alarm fetch churn bridge exercise tape speak race clerk couch crater letter). How should I go about transferring them to Binance?
U don't give out your seed phrase that's enough to wipe out tire account,I'm into crypto aswel
All u do is go to the app and send to a binance wallet address and then u can cash out
Retail banking is not as very profitable anymore. Technology, & other stuff has made it do.
even if thy exit th Zed market we still have that other almost useless bank that starts with letter Z eee that 1 you know it