OTT, Telcos and Banks
Ken Nwogbo writes on how OTT [like WhatsApp & Facebook] and telcos are conspiring to kill banks for the Guardian. He quoted me in that piece:
“The telcos have hated the global messaging app; now the banks join the fray. The risk to banks is clear: if WhatsApp becomes very successful in payments, it may become a small bank of itself. In other words, if people decide to be leaving money in their wallets without moving them to their bank accounts, most banks would struggle [liquidity issues]” [Ndubuisi] Ekewe added.
*the original article did not spell "Ndubuisi" correctly.
Tekedia Mini-MBA edition 16 (Feb 10 – May 3, 2025) opens registrations; register today for early bird discounts.
Tekedia AI in Business Masterclass opens registrations here.
Join Tekedia Capital Syndicate and invest in Africa’s finest startups here.