Opinion

Competition is good, and any open and interoperable payment system should make it easy for new players, small and big, to join. In this spirit, I am happy that another e-wallet has entered the market: MannyPay.

To satisfy my curiosity, I downloaded the app on my iPhone and tried to enroll. Unfortunately, I did not manage to get past a nonsensical error message, and the app froze on the screen where you are supposed to enter a passcode from a text message (which also never arrived).

Nevertheless, I have some initial comments, and I will update this post when they have fixed their teething issues.

Everything that can be said about merchant surcharge and interchange fees has already been said, for instance (1), (2) or (3), but it hasn’t been said by everybody yet. Especially not by me. So, here I go.