Going through different initiatives throughout the mobile payments around the world, I came across a question of “What if the mobile payments services became a free service” similar to the current card schemes of Visa / MasterCard. Or at least to bring the service charges into a reasonable numbers rather the extravagant charges imposed on the low income segment. Knowing that mobile payments was initially started in Africa where in some places the daily income is less than 1 USD, and the average ticket size is already low, the mobile operators and financial institutions should consider revising their service charges to make the model more viable to low income people. Although that might look as a theoretical approach, yet the impact might be significant and noticeable in adoption. The service charges can then be obtained from other sources, or simply by driving volumes up to become commercially viable.
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