[kuhn]

My co-founder and I were just bitching about that this morning. It's unreasonably difficult to send money to people in the land of capitalism...

Even worse is most of the 'innovation' in the banking sector seems to be pointed at making old systems less painful (e.g. cashing checks via MMS etc.). Why not just eliminate them altogether? Major opportunity for disruption if you can overcome some pretty deep and wide moats.

[daemin]

Isn't that what PayPal set out to do, where you could send anyone money just over email?

Conversely I was thinking that Australia needs some sort of integrated Merchant Account/Payment Gateway system company, much like Stripe.