Re: big, fast, etc, was is Vax addressing sane today

According to Lawrence D'Oliveiro  <ldo@nz.invalid>:

Some of the cellphone companies were enticed to get into micropayments
but got out after a few years, turns out they lacked the significant
fraud handling capability ...

>
Meanwhile, the Kenyans have figured out how to run a successful online
micropayments system mediated via text messages (M-Pesa).

M-pesa isn't micropayments, typical transfers are on the order of
a dollar.   It was only possible because there was a dominant
government owned mobile mobile carrier in Kenya and M-Pesa is
basically sending around prepaid mobile phone credits.

It is certainly a success, providing banking services to vast numbers
of poor people who'd never be able to use a normal bank.

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