{"id":557872,"date":"2021-09-08T13:52:46","date_gmt":"2021-09-08T13:52:46","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/of-george-costanzas-wallet-and-a-fintech-founders-dream\/"},"modified":"2021-09-08T13:52:46","modified_gmt":"2021-09-08T13:52:46","slug":"of-george-costanzas-wallet-and-a-fintech-founders-dream","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/of-george-costanzas-wallet-and-a-fintech-founders-dream\/","title":{"rendered":"Of George Costanza\u2019s wallet and a fintech founder\u2019s dream"},"content":{"rendered":"

<\/a> Somewhere out there, George Costanza is crying<\/strong>, suggests the Wall Street Journal, drawing on the Seinfeld characters ridiculously overstuffed wallet for the lead to its piece on the death of the physical wallet<\/a><\/strong>. Personal tech columnist Joanna Stern looks at how everyone from Apple and Google to governments and hotels is looking to replace your ID, keys, and the other paraphernalia you carry around with an app on your phone. Stern doesn\u2019t think we\u2019re on the verge of entering Utopia \u2014 and looks at the security, privacy and practical concerns that come with trusting everything to your phone \u2014 but she\u2019s \u2026 guardedly optimistic. The story was prompted by Apple\u2019s recent announcement that a bunch of US states are rolling out iPhone-compatible versions of driver\u2019s licenses and state IDs<\/a>.<\/p>\n

The <\/strong>Financial Times<\/a><\/strong> was banging on about the death of wallets back in January<\/strong>, suggesting that the fashion accessory faces competition from everything ranging from fanny packs and cross-body bags to clutches and \u2026 fingerprints.<\/p>\n

Speaking of Seinfeld: We have less than one month to go before the show debuts on <\/strong>Netflix. <\/strong>The streamer is set to drop all nine seasons in October.<\/p>\n

FINTECH FOUNDERS\u2019 DREAM: PayPal will acquire Japanese buy now pay later platform, Paidy for c. USD 2.7<\/strong> bn<\/strong>, the digital payments giant said in a press release<\/a>. Paidy allows Japanese shoppers to make online purchases, then pay for them on a monthly basis in a consolidated bill. The acquisition, which is expected to be complete by 4Q2021, will allow PayPal to expand in the Japanese market, the third largest ecommerce market worldwide. Earlier this year, PayPal acquired<\/a> Israeli cloud-based infrastructure for digital asset security, Curv. Tech Crunch<\/a> and the Financial Times<\/a> have the story.<\/p>\n

YOUR MANDATORY COVID STORY- Dreaming of a \u201creturn to normal life?\u201d Well, dream <\/strong>away: <\/strong>Covid-19 is \u201chere to stay,\u201d World Health Organization officials said, with the virus likely to mutate like the flu and stay a part of our future indefinitely, CNBC<\/a> reports. WHO officials say that this fate could have been avoided if the world had intervened early to stop the spread and mutation of the virus during its initial discovery.<\/p>\n

Job openings plateau as delta variant puts blue collar workers on shaky ground \u2014 in America: <\/strong>Job postings have increased during the summer due to a growing demand for remote working, rising by about 39% at the end of August from February 2020, according to the Wall Street Journal<\/a>. But things took a different turn after that, with the delta variant curtailing previously strong demand for restaurant, salon and other in-person service positions. Beauty and wellness job openings dropped by 8.5% while child care jobs fell 3.3%,during August, after they had returned to a pre-pandemic level in the prior month.<\/p>\n","protected":false},"excerpt":{"rendered":"

Somewhere out there, George Costanza is crying, suggests the Wall Street Journal, drawing on the Seinfeld characters ridiculously overstuffed wallet for the lead to its piece on the death of the physical wallet. Personal tech columnist Joanna Stern looks at how everyone from Apple and Google to governments and hotels is looking to replace your […]<\/p>\n","protected":false},"author":1,"featured_media":557873,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7215],"tags":[107,633,183,638,629,406],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-557872","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-for-your-commute","tag-covid-19","tag-enterprisepm","tag-fintech","tag-for-your-commute","tag-paypal","tag-world-health-organization","wpautop","entry"],"acf":{"mongo_id":"ad0781aa-e266-40a4-b30a-1fae9d4d7ffb","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/9\/467.jpg","photo_position":"above","related_issue":[557867],"teaser":"","voice_url":""},"yoast_head":"\nOf George Costanza\u2019s wallet and a fintech founder\u2019s dream - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/09\/08\/of-george-costanzas-wallet-and-a-fintech-founders-dream\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Of George Costanza\u2019s wallet and a fintech founder\u2019s dream\" \/>\n<meta property=\"og:description\" content=\"Somewhere out there, George Costanza is crying, suggests the Wall Street Journal, drawing on the Seinfeld characters ridiculously overstuffed wallet for the lead to its piece on the death of the physical wallet. 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The company invested USD 50 mn in the app, which will\u2026","rel":"","context":"In "Automotive + Transportation"","block_context":{"text":"Automotive + Transportation","link":"https:\/\/enterpriseam.com\/egypt\/category\/automotive-transportation\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":558598,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/08\/18\/number-of-telecom-backed-mobile-wallet-transactions-up-175-in-1q2021\/","url_meta":{"origin":557872,"position":1},"title":"Number of telecom-backed mobile wallet transactions up 175% in 1Q2021","author":"enterpriseam admin","date":"18 August 2021","format":false,"excerpt":"The number of telecom-backed mobile wallets in Egypt jumped 16% y-o-y to reach 16.3 mn in the first half of 2021, according to a National Telecom Regulatory Authority (NTRA) report (pdf). Mobile wallet transactions also skyrocketed 175% y-o-y to record 81 mn in 1H2021, up from 29.5 mn in the\u2026","rel":"","context":"In "SPEED ROUND: FINTECH"","block_context":{"text":"SPEED ROUND: FINTECH","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round-fintech\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/8\/198.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573736,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/16\/egypt-to-trial-state-workers-payments-through-e-wallet-meeza\/","url_meta":{"origin":557872,"position":2},"title":"Egypt to trial state workers\u2019 payments through e-wallet \u201cMeeza\u201d","author":"enterpriseam admin","date":"16 August 2020","format":false,"excerpt":"A Finance Ministry trial will see 3k state employees collect their wages using state-owned e-wallet Meeza\u2019s contactless cards instead of the government cards currently in use. The trial comes ahead a national rollout of 5 mn cards by next June, a statement said on Thursday. Workers can use the Meeza\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":560469,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/03\/01\/united-bank-likes-the-digital-banking-space\/","url_meta":{"origin":557872,"position":3},"title":"United Bank likes the digital banking space","author":"enterpriseam admin","date":"1 March 2021","format":false,"excerpt":"United Bank is looking to acquire a controlling stake in an unnamed e-payments company, and is currently in negotiations over the potential transaction, Chairman and Managing Director Ashraf El Kady told Al Mal. The bank has completed due diligence on the firm, and will announce the transaction before the end\u2026","rel":"","context":"In "M&A WATCH"","block_context":{"text":"M&A WATCH","link":"https:\/\/enterpriseam.com\/egypt\/category\/ma-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/37.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":594200,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/10\/22\/banque-du-caire-launches-mobile-wallet-app-qr-code-features\/","url_meta":{"origin":557872,"position":4},"title":"Banque du Caire launches mobile wallet app, QR Code features","author":"enterpriseam admin","date":"22 October 2019","format":false,"excerpt":"Banque du Caire has launched a mobile wallet app, Qahera Cash, that allows users to pay bills, transfer money, and make online purchases from international retailers, according to Al Shorouk. The app is currently available for Android users, and will be available for iOS soon. BdC Chairman and CEO Tarek\u2026","rel":"","context":"In "Banking + Finance"","block_context":{"text":"Banking + Finance","link":"https:\/\/enterpriseam.com\/egypt\/category\/banking-finance\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":568225,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/12\/22\/enterprise-explains-mobile-wallets\/","url_meta":{"origin":557872,"position":5},"title":"Enterprise Explains: Mobile Wallets","author":"enterpriseam admin","date":"22 December 2020","format":false,"excerpt":"The use of digital wallets (or e-wallets) has surged in recent years as innovation continues to change the payments landscape. The trend gained steam in 2020, with the pandemic creating a boom in demand for\u00a0 digital financial services \u2014 especially in emerging markets, which have long remained wedded to cash\u2026","rel":"","context":"In "Enterprise explains"","block_context":{"text":"Enterprise explains","link":"https:\/\/enterpriseam.com\/egypt\/category\/explainers\/enterprise-explains\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2020\/12\/378.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557872","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=557872"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/557872\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/557867"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/557873"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=557872"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=557872"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=557872"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=557872"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=557872"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}