Re: SMS Mobile Wallet - Can It Ever Be Secure?

Quote from: Stephen Gornick on June 30, 2012, 11:16:57 PM

Ya, they use tier pricing rather than a raw %, so if will vary based on the transaction size.

From one M-Pesa user to another, the fee as a % can swing wildly ... like 10% fee on a transaction worth $3. Up to the range of $20 it drops as a % to 2%, The fee caps out at 50 Kenyan shillings (KES) (fee of about $0.60 USD) no matter the amount transferred.
- http://safaricom.co.ke/index.php?id=1593
- http://mobilemoneyexchange.wordpress.com/2012/03/02/m-pesas-revised-tariffs

Viewing the following will show how Bitcoin is so unique ... it is the only one that works in every single country:

- http://www.wirelessintelligence.com/mobile-money/unbanked
- http://www.wirelessintelligence.com/mobile-money/download (Spreadsheet)

I see this now. The document I was reading was referring to a case study example, not a flat fee. Regardless, I think it is possible to provide Bitcoin transactions at competitive fees. It will just take a lot of research and some up front investment in infrastructure.