Big Tech is Taking Over
Global Payment Processing

Although Mobile Wallets are still in their infancy, their potential is undeniable. And, some are already looking to become global.

These Global Mobile Wallets offer great services. However, the concern is they could easily drive out all other players in this industry, and then they would be the only ones left.

They are a threat to Mobile Money Operators like M-PESA, conventional banks, and even entire currencies and governments, both for developed and developing countries.

However, steps can be taken to minimize the damage that will be caused by this threat, provided that the steps are taken soon.

Big Tech is moving into the Payment Industry, with their Global Mobile Wallets. They offer great services, so what’s the problem?

The issue is not their offering these services, the issue is they could easily drive out all other players in this industry in the next 5-10 years.

Imagine - no more Mobile Money, no Conventional Banks, no Neo-Banks. Maybe no other Financial Services companies at all. Tax avoidance becomes easy, and national currencies might collapse.

Imagine how much power Big Tech will have when you can only buy and sell things using their Mobile Wallets and their currencies ..... with their permission. How easy would it then be for them to enter and dominate one industry after another.

The Alternative: Interoperability