BizTek Webinar

How should Brazil and other countries respond to WhatsApp Payments?

Sept 25, 2020: BizTek Webinar #4 with Bashir Fancy & Nick Brown

Bashir Fancy and Nick Brown discuss impact of WhatsApp Payments

Bashir Fancy & Nick Brown discuss the challenging decision Brazil faces as Facebook is pushing for their WhatsApp Payments to be allowed to operate in Brazil, initially to their 120 million WhatsApp customers in the country.

This conversation is also relevant to other Developing Countries.

A summary of the threats and solutions can be found here: The Threat of Global Mobile Wallets to Developed and Developing Countries.

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Intended for Busienss & Technology Professionals, with a focus on Business Ethics. Includes many discussions between Bashir Fancy and a wide variety of industry experts.
How should Brazil and other countries respond to WhatsApp Payments? 1:18:44
0:06 Introductions.
3:33 WhatsApp Payments entering Brazil. Global Mobile Wallet War.
8:01 The MPESA Story.
14:28 Banks and others are unaware of what is going on.
16:55 VISA/MasterCard or Mobile Wallets for the poor.
24:50 Threat to currencies.
27:05 Mobile Card Wallets. Facebook using VISA. Lack of control.
29:20 Realities of Regulations. International. Money Laundering.
45:38 The “Rails” enforce the Regulations. Interoperability.
49:15 Role of Government. Standardizing Regulations.
59:24 Facebook is using VISA/MasterCard. Purchases. Bitcoin.
1:07:23 Question: Regulations, Trade Agreements & Interoperability.
1:07:59 Question: Purchase Guarantees.
1:12:18 Ending comments.

Select clips of interest: