This is solid analysis mate. Radar may not be so dead after all.
I think the reason mCash didn’t do so is the same reason why it failed the first time. NIBSS strikes me as a very underwhelming company that lacks creativity, or to paraphrase the late great Steve Jobs “…the problem with [them] is that they lack taste”. The product may be technically strong but as with any boardroom creation, it is a product crying out for a passionate lover.
I think the real solution to micro-payments is coming soon and it will look a lot like WePay but adapted to work on feature phones. As @asemota once quipped, a cashless platform needs to be like cash to beat cash. Essentially it means the transactions must
- transfer value in offline situations
- complete in 5 - 10 seconds
- transfer value that can be reused elsewhere immediately
I think the upcoming disruption will completely sidestep the CBN and will succeed principally because it isn’t regulated, and I’m not referring to the “solution looking for a problem” otherwise known as cryptocurrency.