P2P Payments Friction
In a post titled Slightly Faster Payments, Dave Birch blogs about the recently launched Faster Payment Service (FPS) in the UK - noting that "if it is simple -- and I mean really simply -- to instruct an FPS transfer from the phone then it may become an established alternative to some other payment mechanisms." But the best part of the post is his comparison of three possible approaches to settling up lunch with a friend - using FPS, using PayPal, or using the M-PESA approach now live in Kenya.
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