Switchboard function in Vietnam is consolidating

By , April 22, 2012 3:07 pm

The switchboard function of Banknetvn, Smartlink, VNBC are consolidating. According to this article, Smartlink and VNBC shall continue their services other than switchboard.

The "other services" include e-payment. What could this mean to the e-payment industry?

  1. This can buy some time for independent (i.e. non bank-based) e-payment service providers to speed up their customer acquisition.
  2. When freed from the switchboard business, Smartlink and VNBC can focus on providing e-payment services which would pose a threat to independent players.

All in all, I’d look forward to see more e-payment services, especially ones which connect core-to-core to banks.

Why Facebook acquires Instagram

By , April 9, 2012 6:35 pm

Facebook’s issues:

  1. Photo innovation has been slowed
  2. The heat from Pinterest
  3. Finds it hard to provide photo experience on mobile (even with Snaptu team)

Thus the acquisition.

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