Publications
Published on July 1, 2015

Business primitives – Enabling payment lifecylces through software

Download  
IMG_2923
Summary

Two gaps work together to limit the electronification of merchant payments. Customers with depleted electronic accounts are not naturally inclined to pay electronically at local shops, and shops not accustomed to paying their suppliers with electronic money are not so likely to actively promote it with their own customers. While that is the case, mobile money will not become part of customers’ and businesses’ everyday life.

Mobile money has the potential to grow into a broader notion of helping people manage payments, by offering manageability tools around the payments that are made or received and the money balances that are kept. Bundling of payments with software will be supported by two enablers: (i) the foreseeable spread of programmable phones, based on a few standard operating systems, with which these tools can be made more accessible and intuitive for end-users; and (ii) application programming interfaces (APIs) on mobile money systems, which permit a flexible integration of mobile payment flows with enterprises’ own accounting, resources and workflow management systems. This report outlines some of the ways electronic payment providers or 3rd parties can start enabling payment life-cycles through software.

You might also like
_MG_3690

Small “b” biashara

system1system2

Applying behavioral insights to financial inclusion

DSC01383

Central Bank of Kenya survey on bank charges and lending rates booklets: 6/1/2008

_MG_7924

The Status of Agents in Kenya: Proliferation, Dominance, Evolution & Impact

IMG_2901

SACCO Briefs: Implications of the SACCO societies act and regulations for managers & board members

APIs

API best practices