It is not just about moving money, but moving payment-related data.
The reality is that moving payment processing from credit cards to apps and/or chipsets is actually fairly challenging, and that situation is not helped by the fragmented ecosystems of handheld devices and their various mobile operating system versions.
In 2008, the introduction of local housing allowance moved payments to tenants rather than landlords, unless a direct payment is requested, and 88% of those questioned said this had been a bad thing.
Six years ago, Goldstein helped found what is now Check, a mobile payment company that helps people track their finances and do payments, moving about $500m in payments a year.
The government's flagship mutual venture, which pays pensions to more than 1.5 million retired civil servants, has hit a crisis over delayed payments as a result of a new IT system and moving its payments in-house.
Then it provides them with a host of services through its app, including moving, rental payments, and basic repairs.
The non-payment of stipends was later resolved by moving the payment of all CHW stipends (which were simultaneously raised to R1,500 [US$150] a month) away from NGOs and onto the provincial payroll system.
This test does not involve moving the payment processing away from an app's current payments provider, such as PayPal".
Dean Davison, a spokesman for the insurance company, said that Industrial Risk was "moving toward payment of the claims".
By moving the payment up and paying this year's rates, their tax bill on the dividends will come to $95.4 million, Mr. Bezozo said.
However, Facebook said the feature would not involve moving the payment processing away from an app's current service provider.
