Tuesday, 4 December 2012

Mobile money


These days I’m spending I good portion of my time looking at the world of Mobile payments and Mobile Money. The amount of change, players and technologies gives it the feel of the wild west or the dot.com boom.  This time last year we had a session with a client and discussed 9 different offerings, which included iZettle, Square, the Google Wallet and Apps from Monitise.   At the time iZettle with its innovative plugin for the iphone that can take chip and pin won out. 

Well a year is a long time and whilst it’s great to see iZettle banners on such high profile sites as BBC world and being accepted for taxi’s in Frankfurt, Monitise seem to be winning out.  After a successful £24m share placing just three months ago the company is in talks with a number of investors over a £100m fundraising. A excellent validation of our partnership at CGI.

My challenge is that as the mobile money market hots up will Jack Dorsey and the Square team come in and disrupt the ecosystem. 

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