I blogged last year about Zimbabwe and their issues. Back then, ZW$10 million notes sounded like a lot: but they are not. Today this note is worth just nothing in the local economy which is why, last June, the National Bank of Zimbabwe released the ZW$100 billion note: but ZW$100 billion is only enough to…
I've blogged a few times about M-Pesa. The first time was in late 2007, when Citibank did a deal to roll the M-Pesa model worldwide for remittances. Then again in 2008, when Royal Bank of Scotland (RBS) announced the idea of a business model based upon being an MBNO, a Mobile Banking Network Operator. The idea of the latter…
I've blogged a few times about M-Pesa. The first time was in late 2007, when Citibank did a deal to roll the M-Pesa model worldwide for remittances. Then again in 2008, when Royal Bank of Scotland (RBS) announced the idea of a business model based upon being an MBNO, a Mobile Banking Network Operator. The idea of the latter…
I cannot start 2009 without a nod to the euro, which celebrates its tenth birthday this year and provides so much work for us banking folks, especially those of us in the payments world. The euro has had an interesting period of formulation from its origins in 1992: February 1992 Maastricht Treaty signed by European…
