Comments on: Charity through mobile micropayments http://thenextweb.com/2007/12/24/charity-through-mobile-micropayments/ International technology news, business & culture Wed, 15 Feb 2012 05:31:00 +0100 hourly 1 http://wordpress.org/?v=3.3.1 By: wristband http://thenextweb.com/2007/12/24/charity-through-mobile-micropayments/#comment-359567 wristband Sat, 30 Jan 2010 23:09:47 +0000 http://thenextweb.org/2007/12/24/charity-through-mobile-micropayments/#comment-359567 That would be great send money through mobile phone direct to the charities. That would be great send money through mobile phone direct to the charities.

]]> By: Blog Action Day: Texting with my sponsored child http://thenextweb.com/2007/12/24/charity-through-mobile-micropayments/#comment-359566 Blog Action Day: Texting with my sponsored child Tue, 14 Oct 2008 22:06:24 +0000 http://thenextweb.org/2007/12/24/charity-through-mobile-micropayments/#comment-359566 [...] couple of months ago I wrote an article about mobile charity payments. In this article I argue that since the mobile payment system is [...] [...] couple of months ago I wrote an article about mobile charity payments. In this article I argue that since the mobile payment system is [...]

]]> By: PeterEvers.net » Mobile Idea: Texting with my sponsored child http://thenextweb.com/2007/12/24/charity-through-mobile-micropayments/#comment-359565 PeterEvers.net » Mobile Idea: Texting with my sponsored child Mon, 22 Sep 2008 22:10:48 +0000 http://thenextweb.org/2007/12/24/charity-through-mobile-micropayments/#comment-359565 [...] a year ago I wrote an article about mobile charity payments on TheNextWeb. In this article I argue that since the mobile payment [...] [...] a year ago I wrote an article about mobile charity payments on TheNextWeb. In this article I argue that since the mobile payment [...]

]]> By: Peter Evers http://thenextweb.com/2007/12/24/charity-through-mobile-micropayments/#comment-359564 Peter Evers Mon, 24 Dec 2007 13:49:33 +0000 http://thenextweb.org/2007/12/24/charity-through-mobile-micropayments/#comment-359564 Patrick, if you look at this page and scroll all the way down you will find a table with transaction costs: http://www.safaricom.co.ke/m-pesa/default2.asp?active_page_id=262 Patrick, if you look at this page and scroll all the way down you will find a table with transaction costs:

http://www.safaricom.co.ke/m-pesa/default2.asp?active_page_id=262

]]> By: Patrick http://thenextweb.com/2007/12/24/charity-through-mobile-micropayments/#comment-359563 Patrick Mon, 24 Dec 2007 13:29:50 +0000 http://thenextweb.org/2007/12/24/charity-through-mobile-micropayments/#comment-359563 Interesting article Peter. One of the problems we have in Western countries is that Telcos want their piece of the action and this piece is for SMS micro payments often 33% of the total amount. These costs are way to steep to get micro payments on your mobile of the ground. Telcos claim to charge these ridiculous fees, because they have a risk of not getting the money from their customers. The solution would be to connect mobile payments to your bank account, then it could function as if it is a debit card. Why do you think Rabo (the biggest bank in the Netherlands) started a Telecom Service Provider? I believe there is a big future for mobile (micro) payments, but first the transaction costs of those payments needs to come to the same level as bank transfers. @peter, do you know anything about the transaction costs of these African examples? Interesting article Peter. One of the problems we have in Western countries is that Telcos want their piece of the action and this piece is for SMS micro payments often 33% of the total amount. These costs are way to steep to get micro payments on your mobile of the ground.
Telcos claim to charge these ridiculous fees, because they have a risk of not getting the money from their customers. The solution would be to connect mobile payments to your bank account, then it could function as if it is a debit card.

Why do you think Rabo (the biggest bank in the Netherlands) started a Telecom Service Provider?

I believe there is a big future for mobile (micro) payments, but first the transaction costs of those payments needs to come to the same level as bank transfers.

@peter, do you know anything about the transaction costs of these African examples?

]]> By: Peter Evers http://thenextweb.com/2007/12/24/charity-through-mobile-micropayments/#comment-359562 Peter Evers Mon, 24 Dec 2007 13:04:07 +0000 http://thenextweb.org/2007/12/24/charity-through-mobile-micropayments/#comment-359562 If Kiva would offer the service of mobile micropayments, entrepreneurs wouldn't need a home adress and banking account to join the program, a mobile phone number would be all. So it offers two solutions: Entrepreneurs are able to enter the Kiva program more easily AND the connection between the loaner and the entrepreneur would probably be stronger becaused it is based on texting in stead of internet updates and creditcard payments. I think Kiva and mobile micropayments would make a great team. If Kiva would offer the service of mobile micropayments, entrepreneurs wouldn’t need a home adress and banking account to join the program, a mobile phone number would be all. So it offers two solutions: Entrepreneurs are able to enter the Kiva program more easily AND the connection between the loaner and the entrepreneur would probably be stronger becaused it is based on texting in stead of internet updates and creditcard payments. I think Kiva and mobile micropayments would make a great team.

]]> By: Tessa http://thenextweb.com/2007/12/24/charity-through-mobile-micropayments/#comment-359561 Tessa Mon, 24 Dec 2007 13:01:51 +0000 http://thenextweb.org/2007/12/24/charity-through-mobile-micropayments/#comment-359561 Boris, Kiva already found a solution to this problem, by partnering with local microfinance institutions. Kiva checks upon these institutions, making sure they work according to Kiva's rules. Boris, Kiva already found a solution to this problem, by partnering with local microfinance institutions. Kiva checks upon these institutions, making sure they work according to Kiva’s rules.

]]> By: Boris Veldhuijzen van Zanten http://thenextweb.com/2007/12/24/charity-through-mobile-micropayments/#comment-359560 Boris Veldhuijzen van Zanten Mon, 24 Dec 2007 12:25:04 +0000 http://thenextweb.org/2007/12/24/charity-through-mobile-micropayments/#comment-359560 I know someone who invests/loans with Kiva. It is extremely satisfying but not very scalable. They are hundreds of people willing to invest (since Bill Clinton promoted the service on Oprah!) but only a few local entrepreneurs available to invest in. Managing those investments is a lot of work for the people behind Kiva. I hope they find a solution to this problem! I know someone who invests/loans with Kiva. It is extremely satisfying but not very scalable. They are hundreds of people willing to invest (since Bill Clinton promoted the service on Oprah!) but only a few local entrepreneurs available to invest in. Managing those investments is a lot of work for the people behind Kiva. I hope they find a solution to this problem!

]]> By: Peter Robinett http://thenextweb.com/2007/12/24/charity-through-mobile-micropayments/#comment-359559 Peter Robinett Mon, 24 Dec 2007 10:03:23 +0000 http://thenextweb.org/2007/12/24/charity-through-mobile-micropayments/#comment-359559 Peter, Kiva and similar companies are connecting Western investors with developing country entrepreneurs, though they don't have the immediacy of the mobile phone system you propose. Peter, Kiva and similar companies are connecting Western investors with developing country entrepreneurs, though they don’t have the immediacy of the mobile phone system you propose.

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