Thursday, June 25, 2009

Mobile Money Summit introduces a spirit of collaboration

The number of press releases during the past three days emphasising new collaborations is an indication that the Mobile Money community is maturing. The fierce competitive spirit between different companies in the past has been replaced with a drive for open interfaces and creating networks of benefits for all connected parties.

This is a good sign and will lead to a massive growth in successful deployments and operations. By enabling the transactions generated by specific solutions to be made accessible to others the combined growth will benefit every-one. The Western Union announcements specifically is an indication of a willingness to collaborate and changes the dynamics of the different players. I would suggest that it is now important to look at mechanisms that will ensure more connections to as many players as possible.

Mobile Money Operators that do not inter-operate will become less relevant.

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