This chapter explores the concept of micro payments and how they go beyond basic economic transactions. It discusses how multinational consumer goods companies in Africa and Asia pioneered the idea of micro payments, and highlights examples of their use in developing countries.
Not everyone has a bank in the developing world, but mobile phones are everywhere.
Mary Long and Asit Sharma discuss:
- The evolution of payments in India
- Micropayments versus credit cards
- How MercadoLibre is gaining traction with cross-border payments in Latin America
- The move for payments companies to become a superapp
Companies mentioned: GOOG, GOOGL, PG, PAYTM, TOST, PYPL, MELI, DLO, BABA
Host: Mary Long Guest: Asit Sharma Producer: Ricky Mulvey Engineer: Rick Engdahl
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