Monday, October 01, 2007
Mobile Money is the brand that MTN banking also use in their deployments in South Africa and on their other networks in Africa. We are the primary technology partner for all of these deployments.
But then, "Mobile Money" is a very widely used brand name, as a simple Google search show. I know that everyone can do a Google search so at the risk of boring the reader I thought I would pick my fovorites:
1. Mobile money is the name of a lending company in the UK. I don't know why they call it MM - probably because the loans fly off the shelf.
2. In Malaysia Mobile Money is owned by entrepreneur Lee Eng Sia, who is also known for Cutie Compact toilet rolls which he pioneered and seems to be a well known brand in Malaysia. An yes, MM in Malaysia is the name of a mobile payment solution.
3. The mobile payment solution mPesa (currently being deployed in Kenya and supported by Safaricom/Vodafone) is supposedly Swahili for "mobile money".
4. Mobilemoney is the name of an application that can be loaded on the iPhone, Palm or Winodws CE devices with which you can manage your financial information.
So it is absolutely clear that Money is getting more and more mobile.