The reason that Ryanair is against OTAs reselling flights is not the fees, it’s that they’re often resold as a package holiday.
Package holidays are flights bundled with hotels etc and are usually sold at much higher margin.
Ryanair has its own package holiday business and prefers that they make the margin, not someone else.
There are many more package holiday companies than airlines, they want to use this ruling and the fact that they also own an airline to restrict competition and make more money.
Revolut has ~10m customers. Not all in the UK, but Revolut and Monzo both have enough accounts to be inside the top 10 current account providers in the Uk
Wow. Combine this with a reverse image lookup to try to match numbers with celebrities and other noteworthy people and there are a lot of opportunities for a lot of bad things.
I wonder if Trump uses Whatsapp on a personal phone?
When people have been paid $x/month in cash for years and suddenly they get paid $1.5x or $2x electronically, some honest folk have been known to complain that the new electronic system must be broken. Whereas what has actually happened is that now its harder for people between the employer and employee to pocket the cash
M-Pesa just launched in Ghana this week. I’m sure other countries will follow. Nevertheless, there is lots of evidence to suggest that it’s not necessarily a silver bullet. While it did work really well in Kenya, Safaricom and Vodafone have had a lot of difficulty replicating it elsewhere.
You could reasonably argue that it has barely been successful outside Kenya. Part of the problem relates to the unique market position they had at the time of launch in Kenya. With more than 60% market share, their policy of keeping it as a walled garden (their economic rationale for launching MPesa at the time was that it was actually a retention tool for customers and so opening it up didn’t make sense to them) didn’t reduce its usefulness.
In other markets where they have more ‘normal’ market shares, this walled garden approach has really impacted their ability to expand. As anyone that has tried to launch a new social network will tell you, network effects, when they’re against you are a bitch to overcome. Having a balance in a MPesa wallet, doesn’t mean much if only 1 in 5 of your friends also have an MPesa wallet and you can’t send it to any of the other 4.
MPesa is a great tool for banking the unbanked and it is definitely the most famous example, but it’s not going to solve the problem elsewhere as successfully as it has in Kenya. It may be part of the solution though and I think it would be great if they could try.
Thanks for sharing. Only around 18% of adults in the world receive a salary into an account. In places where employers have made the switch from cash to electronic, it's not uncommon for staff to complain that they've been overpaid, sometimes by as much as 50%.
Too much cash goes missing between employer and employee. It's expensive being poor, but being unbanked makes it a whole lot worse.
Package holidays are flights bundled with hotels etc and are usually sold at much higher margin.
Ryanair has its own package holiday business and prefers that they make the margin, not someone else.
There are many more package holiday companies than airlines, they want to use this ruling and the fact that they also own an airline to restrict competition and make more money.