Last time I was in India I wrote about the amazing business model innovation that had allowed telecom operators in India to make money on a paltry $6 a month per average user. That compares to a desired average monthly payment of $50 or more in the U.S.
The results have been phenomenal—550 million people in India have phones, and it has transformed the poorer service economy by giving them an affordable way to be reached and arrange jobs.
Nokia is announcing today it plans to shut down its mobile payments service known as Nokia Money in India, as a part of a shift in strategy that will allow the company to more narrowly focus on its handset business and related locat... Read Post
The age of texting is upon us—and it’s not just for teens anymore. Sure, the average 13- to 17-year-old sends and receives an insane 3,339 texts per month, but 45- to 54-year-olds are catching up with an average of 323 per month—a 7... Read Post