Michael and Johnny continue their African Fintech tour by heading East to another OG, M-Pesa. We evaluate its success before diving into our Rich Tech or Poor Tech analysis, where we look at the industry, incremental user value, and incremental societal value. Finally, we discuss M-Pesa's future outlook.

In News of the Week, Apple held its 'Spring Loaded' event unleashing new Air tags, updated iPad Pros, iMacs, a royal fitting Purple iPhone, and an Apple TV with a functional remote.

Recorded Date: Sunday, April 25, 2021

Time Stamps

• 00:00:18: News of the Week
• 00:01:56: M-Pesa
• 00:05:32: Industry
• 00:08:48: User Value
• 00:11:00: Societal Value
• 00:18:13: Final Verdict
• 00:18:55: Future Outlook

Highlights

• iPhone says hello to royalty!
• Our podcast has found another potential acquirer in Apple as they push into Podcasts with their redesign & Subscription service
• M-Pesa is the OG in mobile-based payments service
• Is M-Pesa a Rich Tech or Poor Tech service?
• How have individuals benefited from M-Pesa?
• Going from cash payments to digital payments can contribute to reducing corruption
• What took the banks so long to react to all these newer FinTech companies?
• Can M-Pesa go into ecommerce?
• The End game is to become a multinational megacorp! Just like the banks

Links

• Apple 'Spring Loaded' event announcements
• The Story of M-Pesa
• History of M-Pesa

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