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Apple in payments

Hello all,

I am not sure how many have seen this but I think it’s worth noting that Apple has made their first (baby) steps towards payments.

Apple Store

Image via Wikipedia

They will now offer a payment service on iPhone, only in Apple Store to scan a barcode and pay for the item on the spot. It overs some “specifically selected accessories” too.

Cautious first step that will make many tremble. Nice article here:

http://paidcontent.org/article/419-apples-only-dipping-a-toe-into-mobile-payments-but-it-could-make-a-spla/

Sincerely,

David Pardo

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Update

Another interesting article about Apple in payments is this one:

http://www.huffingtonpost.com/michael-boland/apples-mobile-payment-plans_b_1090003.html

A Point of view that Apple will not play in NFC but will try to enforce a “pay with iTunes account” even for non Apple merchants. Clearly a long stretch in my mind but if Apple comes up with a stellar user experience it may happen.

Sincerely again

David Pardo

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South East Asia corruption and a cash less based society

Hello all,

South East Asia has a strong history of corruption. Out of the main countries in the region, only very few have been historically fighting their own corruption.

Today’s situation is not much better for most.

on a scale of 1 (very bad) to 10 (no corruption). Here is a ranking that should frighten all of us:

Myanmar (Burma) 1.4

Indonesia 2.1

Laos 2.1

Cambodia 2.1

Philippines 2.4

Vietnam 2.7

Sri Lanka 3.2

India 3.3

Thailand  3.5

Malaysia  4.4

and…wait for it..

Singapore 9.3 (or #1 ranking in the world…)

source: http://www.transparency.org/policy_research/surveys_indices/cpi/2010/results

So why is it that such a small country have been effective at cleaning up its own space . Some countries around the region are told to be similar and yet don’t have such results. Malaysia has been contemplated as the bigger cousin of Singapore for many reasons  and yet doesn’t achieve close to the same results.

One reason I d like to put out there for the ones that care to fix it: cash less based society. 

Now I am going to state the obvious: imagine a world where all transactions are electronic. Imagine a world where there is no way for people to pay than using legitimate companies that have to report suspect transactions and fraud. Well corruption in that world would be limited don’t you think?

 

Sincerely,

David Pardo