So What Is M-Pesa?
In the post on the Scottish currency, I mentioned M-Pesa. So what is it? I started by reading the Wikipedia entry. Here’s the initial paragraph.
In April 2007, following a student software development project from Kenya, Safaricom launched a new mobile phone based payment and money transfer service, known as M-Pesa. The service allows users to deposit money into an account stored on their cell phones, to send balances using SMS technology to other users (including sellers of goods and services), and to redeem deposits for regular money. Users are charged a small fee for sending and withdrawing money using the service. M-Pesa has spread quickly, and has become the most successful mobile phone based financial service in the developing world. By 2012, a stock of about 17 million M-Pesa accounts had been registered in Kenya.
The initial work of developing the product was given to a product and technology development company known as Sagentia. Development and second line support responsibilities were transferred to IBM in September of 2009, to where most of the original Sagentia team transferred.
It sounds a lot more sophisticated than anything we’ve got here! Especially, as it works on the humblest of Nokia mobile phones!
It’s developments like this, that will empower individuals and kill off the unnecessary wunch, that some still call bankers.
The Scottish Currency Question
If I could have ten pence for every politician, who’s put forward his view on the question of what currency Scotland has if they vote for independence, i wouldn’t be just a rich man, but a very rich man.
Surely, the amount of energy expended by politicians, would power a reasonably-sized city like Glasgow.
All of these politicians are flying in the face of the new reality, which is starting to sweep the world. Just read this article on the web site; SmallBusiness.co.uk about the future of banking. Here’s the first paragraph.
I was recently invited onto Evan Davis’ BBC radio and TV show ‘The Bottom Line’ for a discussion on alternative finance. Alongside me was Zopa founder Giles Andrews, the founder of Zopa – a UK peer-to-peer lending platform, and Michael Joseph, the former CEO of Safaricom, which set up M-Pesa, a mobile payment system, in Kenya.
It is the last bit that is the most significant. It also says this about banking and particularly M-Pesa.
The day-to-day of banking is changing world-wide and banks are not the ones driving the innovation. For instance, by some measures, Starbucks is among the 200 largest banks by deposits in the US, having $3 billion on their in-store card in 2012. Both Google and Amazon are also talking about providing finance to users of their marketplaces. At the other end of the economic spectrum, 31 per cent of Kenyan GDP now flows through M-Pesa, which is so simple it can be operated on a very modest Nokia phone and has no physical bank branch presence.
So does it matter about whether an individual or a company has their bank account in pounds, dollars, euros, thistles or beans? It only matters to the individual concerned. As someone living in and spending most of his money in the UK, I would probably keep my account in pounds! Although switching to euros, should be just a choice on the account.
Unfortunately, this transparent and convenient system would be unacceptable to the banks, as they make so much money on currency conversion.
I do wonder, if my new-found liking for cash, may be a personal reaction to the greed of the banks. If I pay by cash in Carluccio’s, I can leave a tip easily. It also seems to get good service, as the staff in many restaurants know me and have the gluten-free menu ready immediately I walk in. It’s also faster to settle up and there is nothing worse than waiting to get away, whilst a dim waitress struggles with a credit card terminal.
So to me, in a few years time, the Scottish currency question will be irrelevant to most people and companies in Scotland. They will pay their taxes in whatever currency the Scottish government uses or is forced to use and keep their bank account in whatever is convenient for their lifestyle or business.
So let’s get going on research to capture all that hot air being spoken to generate lots of electricity.
What’s The Difference Between A Sardine And A Pilchard?
A sardine comes in a flat tin and a pilchard comes in a round one.
I found that answer here.
Baked Eggs And Sardines
This recipe came out of Saturday’s Times and explains the tins of sardines and bread earlier. When I saw the recipe, I thought I hadn’t had sardines for years, so this recipe seemed a good one to rectify that omission.
Baked Eggs And Sardines
All I did was put a crushed clove of garlic, a complete tin of sardines in tomato sauce and two eggs into a buttered ovenproof dish, which then went in the oven at 180°C, until the eggs looked cooked.
I did buy some parsley to chop on the top, but I forgot to do it.
I shall be cooking it again! Especially as sardines are suposedly nutritious and considered by some to be an aphrodisiac. The dish is also so easy to cook. The most difficult thing was opening the tin of sardines!
Even the washing up was fairly minimal!
The New Bus for London Was On Time
This morning, I consulted my timetable and walked round the corner, so I got to the stop at 10:34.
And what happened?
A New Bus for London sailed into view and several pleased passengers got on to go to the Angel and in some cases, like me, to pastures further on.
You can’t complain about that!
There Are Mormons Everywhere!
Everywhere there are adverts for Mormons.
There Are Mormons Everywhere!
I suppose religious adverts on the buses follow the same rules as films. The more adverts there are. the worse the religion.
It gives me a bit of a problem in that I don’t travel on a bus advertising something I don’t like or disapprove of. Oxford Circus is also wall-to-wall with the adverts, so that gives me another problem, as that is a difficult station to avoid.
Am I Reduced To This?
I went to Waitrose on the way home today and bought a Genius loaf and two tins of sardines.
So is this all I will be eating tonight? No!
Am I Reduced To This?
But some could imagine I was living on the breadline!
Three Of The Best
These stools are unique.
Three Of The Best
There is five or six of them, but today I can only find five, so either I can’t count, one has gone missing in the move, or there only ever was that number.
Every home should have some as they are so useful.
They are idea for sitting round the dinner table and easily fit in between chairs.
They are as sturdy as the man who stands at the base of an tower of acrobats and are ideal for standing on.
Two or more also make good stands for cutting long pieces of wood.
They are still pretty immaculate too, as they were hand made from oak, in Suffolk by a furniture maker called Julian Ellis around 1980, to match the table that I’m sitting at now.
But Julian didn’t design them! I did! And of all the things I’m proudest of designing it is these humble but oh so useful stools.
January 2015 Update – I’ve just counted properly and they are the Suffolk Six.
Something For Room 101
I know I have to have my decent clothes dry-cleaned, but why do they come back on a wire coat hanger wrapped in plastic?
Something For Room 101
If I was in charge of the world or even just the dry-cleaning bit of it, I’d find a better and more acceptable way for dry cleaning to be returned.
My Personal New Bus for London Timetable
My regular bus journey on a 38 is from the Balls Pond Road to the Angel Islington, so why shouldn’t I travel First Class as many times as I can, when I use the route.
New Buses for London are scheduled to leave Balls Pond Road at the following times after 0900.
0934
1004 1034
1104 1124 1154
1214 1244
1314 1344
1414 1434 1454
1516 1539
1602 1625 1650
1712 1735
1816
1900
And they return from the Angel.
0930 0954
1013 1033 1054
1116 1146
1216 1247
1307 1337 1357
1427 1457
1527 1557
1617 1637 1655
1718 1741
1804 1829 1851
1916 1955
2043
It will be interesting to see if this is up-to-date information, as I have to be by Piccadilly Circus this morning at 11:30, so that means catching the 10:34.
I got the information from here. Someone actually issued a Freedom of Information request to get it. It would surely have been less time consuming and expensive to stand on the corner and use the Mark One eye-balls and the back of a fag packet or what the equivalent is these days.
The Anonymous Widower 