Tag: telcoms

Payments

Bell, Rogers, Telus to launch mobile payment service | Canada

Colin Henderson

Canadian Telco’s beat the banks out with the first serious country wide example of mobile payments in Canada, and frankly one of few in the world.  This is just one more example of disaggregated financial services, that cip away parts of what was previously banks’ territory. The use of NFC technology is also worth noting here.  NFC (Near Field Communications) permits wireless data transfer over distances up to 10 cm.  This is designed to eliminate accidentally purchasing Dave Birch’s coffee for him. In all seriousness while this has been a long time coming, my sense has always been that the … Continue reading Bell, Rogers, Telus to launch mobile payment service | Canada

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The endgame for banks – sloggers or innovators

Colin Henderson

We quickly forget about previous crashes, but over the period 1997 – 2003, $2.8 trillion in market value was wiped out from the telcoms as they experienced their own bubble through the dot.com times.  The Economist points out there are lessons for banks and for banking regulators too I would say. Their conclusion is consistent with my view that there will be some innovative winners such as O2 that are able to re-energise with innovative measures, marketing and services.  However many will as the article say, slog along “against competitors and reinvigorated regulators”.  I have gone further and supported the … Continue reading The endgame for banks – sloggers or innovators