a rudimentary post
now the company's tackling another need by offering rudimentary banking and money transfer services by way of the handset. Noting that of the four billion cellphones in the world there are only 1.6 billion bank accounts, Nokia's so-called Nokia Money service will bring electronic money management to some areas of the world for the first time -- a customer need only know the phone number of the intended recipient to send a payment.
Rudimentary.
I would not have written this (go ahead, say I shouldn't have anyway) had it not been for this word.
Rudimentary.
How exactly is being able to transfer money only needing the recipient's phone number rudimentary?
The whole 'making the phone your wallet' thing has been tried over and over again. No one got it right to this day.
This is not that.
And this does not compete with PayPal. It can't.
Let me tell you a little something. I live in a "developing nation", and PayPal is next to useless to me because I can't get money from PayPal to my bank account. Only the other way round.
Rudimentary? Why, because it requires no computer, no bank to go to, and will be as easy to use as SMS?
Yeah, that's really rudimentary. All things in "developing nations" are. Take my 50Mb/s completely unlimited, un-capped, and un-filtered internet connection for $13/month.
Oh, and one more thing (I just love doing that!). Nokia's services for the "developing nations" (yeah, I hate how it sounds, so I'm going to keep repeating it) are unrivaled, unmatched, whatever you want to call it. And they won't be for years to come. Because while everyone is so focused on a certain state in the US of A, some companies understand where future growth comes from in this technology business.
