Google Bucks, Myki, E-Fulusi

Google considered the possibility of creating its own currency called Google Bucks.. Eric Schmidt.. at Mobile World Congress in Barcelona on Tuesday.

“peer-to-peer” money system ..transfer cash to each other ..
the project was eventually nixed because of the various laws about currency
The concept would also make it easier for potential money laundering scandals. [confused journalese? easier scandals?]

..we didn’t want to get into that because of these issues,” Schmidt ..
digitaltrends


Google launched its e-Wallet, which comes with a prepaid card that you can top up from your bank account or credit card to pay for goods.
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Myki
Queues grow as bugs plague new $1.35 billion myki system
With two weeks until weekly and monthly Metcards become extinct..
Metcard machines have started being pulled out of stations in Melbourne's west.
Daniel Bowen of the Public Transport Users Association said the readers worked most of the time ..
More than a third of commuters now used myki.    heraldsun
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how to get it right, such as London’s Oyster and Singapore’s EZ-Link smartcards, and one close to home: Perth’s SmartRider    wordpress   zdnet

An error in Victoria's recently implemented Myki smart card system has seen two customers credited over $150,000 to their accounts.


why-transport-smart-card-projects-go-bad    zdnet
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The Bank of Tanzania (BoT) has drafted mobile payment regulations ..
..February report, registered customers for mobile financial services 19.4 million November 2011, compared to 14,327 June 2008.
alue of transactions increased from TZS 1.42 million in 2007 to TZS 1.62 trillion in 2011,

trust accounts to facilitate transactions from TZS 3.04 billion in June 2009 to TZS 97.6 billion at end of 2011.

E Fulusi (T) pioneered 2008 M-Pesa started four service providers Vodacom (M-Pesa), Airtel (Airtel Money), Tigo (Tigo Pesa), and Zantel (Ezy-Pesa).     telecompaper

E-Fulusi mobile wallet technology currently powers the Mobipawa and ZPESA services, the first two mobile banking services in Tanzania.

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