Michael and Johnny continue their African Fintech tour by heading North to cover Fawry. We evaluate its success and look at the value it has provided for both its users and society as a whole. Finally, we debate what industry it should be classified in and wrap up our Rich Tech Poor Tech analysis. We also discuss its future outlook and whether this is a model that other cash-based societies can adopt.
In News of the Week, Elon Musk makes history by being the first guest host of Saturday Night Live with Asperger's. His appearance, which was expected to raise Doge coin's price even higher, instead had the opposite effect.
Recorded Date: Sunday, May 9, 2021
Time Stamps
- 00:00:18: News of the Week
- 00:02:20: Fawry
- 00:05:29: User value
- 00:10:38: Societal Value
- 00:16:15: Industry
- 00:20:24: Final Verdict
- 00:20:53: Future Outlook
Highlights
- Elon Musk makes more history by being the first guest host with Asperger's in SNL history
- Fawry has simplified payments for Egyptians
- Egypt is a large unbanked cash based society
- The same benefits an individual derives also extends to society
- Is Fawry's success an example of de-bundling the full banking experience?
- Can Fawry do more by transforming itself into a digital wallet?
- Fawry hasn't changed the game - what are they missing?
- Is this the model that other cash based societies can pursue as a starting point?
- Enjoy the ride to the top until the government comes after you - see Ant Financial
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