Here in Kenya we have a mobile banking app, mpesa. It has become so ingrained in our society that there are businesses that strictly only accept mpesa. The problem is how secure is it? Our country has a knack of overlooking these fundamental issues regarding cyber security. If mpesa went down today our economy will take a serious hit because of how dependent it is on it.
Thats such a huge of monopoly of all, the risk must be distribute otherwise Kenyan system is in danger. But I wonder if some authority has involved with this with secret beneficial? Because it is maybe possible
Here in Chile it's not an app, but *all* transactions go through a single processor: Transbank. You can imagine the absolute shitshow it makes when it goes down!
Yeah ... If you look at the new Mpesa Apps, they are trying to incorporate other apps into their apps ... I think they are trying to make a Kenyan superapp.
@@17thsavior why. It's a bank. Largest fastag seller in India. They sell savings account, salary accounts, food wallets. They have a movies and travel vertical. Maximum irctc tickets are booked there.
@@17thsavior when you book a movie or travel ticket on paytm, they offer the service and not other providers. Similar with savings account, salary accounts and fastag. It's all their services. I don't see a mobikwik or freecharge doing that.
I use the bank, the UPI, to recharge and also to buy bus tickets sometimes. So it is a super app as it is still giving the services to people who find value in it. So the video is pretty accurate. But, ya, the Mall didn't work as well as they were expecting.
USA’s cashless transaction method through credit cards was the key to all this technology. But, people in many countries don’t have credit cards or cannot be guven one by a bank since they don’t meet their requirements. So, these apps pretty much have a recharge system through your money or bank account. Hence the popularity is gained by using your own money in a safer digital way
It’s honestly a blessing that apple and android have banned super apps. In our system we can enjoy multiple companies and startups competing in different fields which overall helps the economy and new innovation. Apple and google do get to keep a lot of power which I disapprove of but the good outweighs the bad
Uh no! It's on both platforms. They are not banned. It's already easy, as douyin and facebook/instagram have shown, to root through your files, clipboard, advertising profile, to gather data.
You have already given up if you using any RUclips, Google or Facebook, they all collect your data, unfortunately none of these gives you more convenience in return other than just collect your information and sell it to companies.
We don't have a monopoly in the west, but we do have an oligopoly - ALL our digital services are controlled by the Big tech firms. Whether it's 1 or 5, it's extremely bad for people and individuals power and control
they manipulated laws and patents to get that and govt helped facilitated cause govt got money and also govt don t loose no shit so its people are product and capitalisms by acquiring small companies no laws around it if big tech or any big firm manipulates it so its dirty dirty shit they did and doing
These videos have been really helpful for me, thanks team CNBC & hope that you continue making more of such informational content keeping the focus on more or less on entrepreneurship (especially in the developing countries)
@@Ntshebe-YaseGoli these videos are example of illusion of knowledge which has no substantive meaning. You're learning something but that's not education for your personal growth. It's good for entertainment but don't fool yourself that it's a learning experience. I'm not singling CNBC. All infotainment channel are same.
@@shankysays As I quoted News channels I regularly invest time on. Al Jazeera- Global affairs (inequality, war instability, documentaries.) Russian- Less biased than Western News broadcasters. CNBC- Entertainment, new inventions, Agri documentaries etc. South African news broadcast is by far the worse broadcaster since 2015.
@@arbaz79 not if it sucks. I’m in the Philippines. I’m not going to squeeze in a jeepney or bus in this pandemic, and taxis here range from ancient to passable, no cashless payment, and with rude drivers to boot. I’d rather pay extra for a Grab ride to get my groceries. And food delivery is very convenient as well.
In US, I pay my bills through automatic deduction, I order foods through each store's phone. For banking, I have direct deposit. I've prepaid very old cell phone, use only for call out/receive in, and some games, no camera, internet. I guess it's 1G.
Super app is not just payment included. If you want to open a store, you can apply for buiz license through the app, and the gov't staff will reach out to you through the app, and the license will be issued through the app, and your annual tax can be done through this app... It's generally an entry to all
What's so unreal about this video is " India has less than 400 million smartphone users????????"............... seriously dude. It should cross 700/800 million
We need a superapp here in Canada and USA. I hate having a different app for each restaurant I visit. My phone is overloaded with apps. I just want 1 that works across the board.
I really dislike the guy when being asked about Asia, he only answers about China. SEA is also Asia you know, and we have our different model on how things work. :/
I do. I realised how much these super apps infiltrated my daily life, and it feels wrong to give away so much of my money to them when small businesses are struggling to stay afloat. Leaving apps like Grab means I’m giving up convenience, but it’s something I’m willing to do.
Idk but you think Google, FB, Apple, Amazon etc in the west didn't do extensive data collection on user preference for their own service? Even if Apple don't share your data, they still ultimately make you use Apple service. Apple ecosystem in it self are the basics of super app, it's almost impossible to make iOS user to go android even if they see Apple piss in their mouth they still gonna use Apple.
I maybe the only one but, I kept wondering of Arjun's (male) video was thought the DJI Osmo pocket or through the Macbook. I found it a weird set up. Interesting topic and video tho.
In India nobody will believe in one super app , but it can work if many super apps are there , tata and jio are new players which are trying this after failed efforts of hike , paytm and I think they can succedd if they do what they do best give best of their service , if a super jio app which does not charge or charge less for internet then I will use it , same way if mighty tata can give it's best service in one app I might use it . But two super apps are not enough India would need mega 5 super apps to choose from also new apps which acts like stations to counter super apps Monopoly
That’s not true. Just because people in China don’t have much of a choice to keep data away from the Chinese government, it doesn’t mean that women in China cannot block you from stalking them in WeChat.
@Allen Burger Actually by looking at the user name “Yugen” you know he’s using Kanji in Japanese not the Chinese one. Besides, normally I’d assume you’re a Caucasian w/ your name Allen Burger, but apparently you’re not, why would you even trust what’s written in one’s user name when obviously you’re not being honest w/ yours? 😂😂
Indians don't value PayTM at all... All bcs of competitors targeted promotions against PayTM and "Chinaphobia" (I'll call it this way... Nowadays if you release new product to Indian market and call it "not Chinese but Indian, it's been made in India" with capital letters then you'll succeed in Indian market... Dude you're just 20 yo delivery guy... No matter who the hell you are CIA, FBI or CCP does not have anything to do with you! You're not James Bond! Just learn to live your day without extreme fears
Google and Apple would remove any super apps for some sort of "violation" ... The 2 operating systems are basically the super apps ... They own all the data and all other apps have to play ball.
Sometime I feel weird with supperapp, cause too many features that I don't need. May be I need one or more fitures but the apps provides many features, so that really bothers me
can this one grab super app be used in many different asean countries or it is only for one specific country? for example downloaded this app in indonesia and if go to malaysia need to download malaysian grab app version?
Someone to categorise the apps of Apple store and Google store and come with less and better. We don’t need that many apps on the digital stores. Even in Mexico HSBC call the different debit/credit cards apps
Super apps try to do everything, but do nothing well. It's all just a mish-mash after a while. Also, can you imagine how boring it would get to just use the same app again and again?
@@ezioauditore5616 I, - I don't think you get what a super app is. RUclips doesn't allow you to visit websites and pay your bills, and have a seperate private chat and make money transfers, have a digital wallet and have a news section etc. Yes, all of these apps like RUclips, Google Pay, Chrome, are all owned by Google, but they're different apps. If I were to quote a Super app, I would be Paytm. Their Paytm app can do everything mentioned above, all in one app.
Well super app and app ecosystem are fundamentally same. They just have a different appearance in their services. It's even you could say with super app you COULD potentially out-convenient Google or Apple.
I've read that super apps really took off in China because of initial slower network bandwidth issues. it's easier on network and phone resources if one app does it all vs several apps being opened at the same time. Is there any truth to this?
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Here in Kenya we have a mobile banking app, mpesa. It has become so ingrained in our society that there are businesses that strictly only accept mpesa. The problem is how secure is it? Our country has a knack of overlooking these fundamental issues regarding cyber security. If mpesa went down today our economy will take a serious hit because of how dependent it is on it.
Thats such a huge of monopoly of all, the risk must be distribute otherwise Kenyan system is in danger. But I wonder if some authority has involved with this with secret beneficial? Because it is maybe possible
Here in Chile it's not an app, but *all* transactions go through a single processor: Transbank. You can imagine the absolute shitshow it makes when it goes down!
Lies again? Gypsy King
Yeah ... If you look at the new Mpesa Apps, they are trying to incorporate other apps into their apps ... I think they are trying to make a Kenyan superapp.
Nobody uses PayTM to do anything other than payments here in India. And that is exactly why Paytm mall bombed.
Calling Paytm a super app is complete misinformation.
@@17thsavior why. It's a bank. Largest fastag seller in India. They sell savings account, salary accounts, food wallets. They have a movies and travel vertical. Maximum irctc tickets are booked there.
@@17thsavior when you book a movie or travel ticket on paytm, they offer the service and not other providers. Similar with savings account, salary accounts and fastag. It's all their services. I don't see a mobikwik or freecharge doing that.
I use the bank, the UPI, to recharge and also to buy bus tickets sometimes. So it is a super app as it is still giving the services to people who find value in it. So the video is pretty accurate. But, ya, the Mall didn't work as well as they were expecting.
This video is just a paytm pump piece 🤦♂️
USA’s cashless transaction method through credit cards was the key to all this technology. But, people in many countries don’t have credit cards or cannot be guven one by a bank since they don’t meet their requirements. So, these apps pretty much have a recharge system through your money or bank account. Hence the popularity is gained by using your own money in a safer digital way
Do they earn cash back?
@@thanhavictus yeah they do. Which is the incentive to use those apps basically.
@@shivashankar2477 really wish Google pay or PayPal has cash back
@@thanhavictus here in India, Google Pay does offer cashbacks
You need to teach yourself how credit works and how it's bad for community
It’s honestly a blessing that apple and android have banned super apps. In our system we can enjoy multiple companies and startups competing in different fields which overall helps the economy and new innovation. Apple and google do get to keep a lot of power which I disapprove of but the good outweighs the bad
Not to mention privacy and security issues that will come with any super app
That just China about privacy and regulation which they don't care. How about Singapore, Indonesian, Vietnam with Grab,Goto,Zolo
They haven’t
Uh no! It's on both platforms. They are not banned. It's already easy, as douyin and facebook/instagram have shown, to root through your files, clipboard, advertising profile, to gather data.
Google is like a super app. RUclips, Gmail, Google music etc use the same login
We have Finn in Norway, where you can book taxis, buy and rent cars, buy houses, find a job, date, but mainly it’s for buying second hand stuff
not at all comparable
Only Norway would list women on a used goods store
Are we willing to give up some privacy to get some more convenience. To each his own comfort level I guess.
as if you only give up privacy with super apps, you are commenting on RUclips, you already lost your privacy
You're funny. You already gave up your privacy by having social media accounts such as RUclips 😂😂
Right.
They are
You have already given up if you using any RUclips, Google or Facebook, they all collect your data, unfortunately none of these gives you more convenience in return other than just collect your information and sell it to companies.
We don't have a monopoly in the west, but we do have an oligopoly - ALL our digital services are controlled by the Big tech firms. Whether it's 1 or 5, it's extremely bad for people and individuals power and control
agreed... What about Spotify though?
Strawman argument. Spotify are nothing data collection wise compared to the big tech firms.
Still 5 is a lot better than 1
they manipulated laws and patents to get that and govt helped facilitated cause govt got money and also govt don t loose no shit so its people are product and capitalisms by acquiring small companies no laws around it if big tech or any big firm manipulates it so its dirty dirty shit they did and doing
@@blainegabbertgabonemhofgoa6602 no, equally bad
Loving this kind of videos from CNBC.
I would argue that an Android launcher is a super app
Agrer
Technically it is according to the definition of what a Super App is lol
TATA super app will be soon launched in India. I am excited
What will it include?
@@jk484 JKT48
@@rishabhgusain and for payment?
@@Neethinify Well Tata got a green signal for that in Oct, 2020. So.....
Doesn't tata make trucks and excavators
These videos have been really helpful for me, thanks team CNBC & hope that you continue making more of such informational content keeping the focus on more or less on entrepreneurship (especially in the developing countries)
I am a fan of CNBC videos.
They are entertaining, engaging and above all informative.
Keep up videos like these
Thanks
For me it's CNBC, Al Jazeera & Russian TV news. The rest it's just biased propaganda.
@@Ntshebe-YaseGoli these videos are example of illusion of knowledge which has no substantive meaning. You're learning something but that's not education for your personal growth. It's good for entertainment but don't fool yourself that it's a learning experience. I'm not singling CNBC. All infotainment channel are same.
@@shankysays As I quoted News channels I regularly invest time on.
Al Jazeera- Global affairs (inequality, war instability, documentaries.)
Russian- Less biased than Western News broadcasters.
CNBC- Entertainment, new inventions, Agri documentaries etc.
South African news broadcast is by far the worse broadcaster since 2015.
@@Ntshebe-YaseGoli Bravo!
Super apps. In other words a one-stop shop for hackers
It's like you have shift from 3 BHK to 1BHK apartment you got everything in smaller space but your living style is still the same.
I’ve loved cnbc for a long time
💙
Yeah Young Turks was great show, about tech biz in India
I had been to Malaysia 🇲🇾 before the pandemic and suffice to say that Grab was a must have!
Must have? You can use local taxis and public transport.
I am a Malaysian. I don’t use Grab. I use Touch’nGO e-wallet app more. I think it could transform into a super app.
@@arbaz79 not if it sucks. I’m in the Philippines. I’m not going to squeeze in a jeepney or bus in this pandemic, and taxis here range from ancient to passable, no cashless payment, and with rude drivers to boot. I’d rather pay extra for a Grab ride to get my groceries. And food delivery is very convenient as well.
Here in India, it's going to be a lot more crazier. Amazon, Walmart's Flipkart, Reliance, Tata, Paytm all are developing their own super app.
Tata will win
People have forgotten an important thing "DO NOT put all eggs into one basket"! For those who like the super app (evil) .... pull out if you can..
Yeah there's a high risk of monopoly.
Define evil about this app? I'm Indonesian, as far as I can tell... If there is such monopoly in here, My Government will react strongly about it
The difference between other Super apps with wechat/alipay is no matter billionaire or beggar(i literary mean begger) everyone use these apps.
In US, I pay my bills through automatic deduction, I order foods through each store's phone. For banking, I have direct deposit. I've prepaid very old cell phone, use only for call out/receive in, and some games, no camera, internet. I guess it's 1G.
You can do all that through wechat in China.
You can also do all that through GoTo in Indonesia.
@@kenwu7 We don't use wechat, great majority business section don't accept wechat, unless you've personal or business relation with China.
@@tedaspane1493
I know, just mentioning it
Grab is a Malaysian founder singapore startup
No one cares he is malay
@@sumarnoarnol2189 I think it is ingeresting
The lady looks like she's staring off in space from the dude's POV, which is kinda hilarious
Haha, also picked that up. I think it's because she's looking at the guy through the screen that's mounted on the wall.
Paytm maybe a super app but people use it only for payments
Super app is not just payment included. If you want to open a store, you can apply for buiz license through the app, and the gov't staff will reach out to you through the app, and the license will be issued through the app, and your annual tax can be done through this app... It's generally an entry to all
There is app for almost everything you can think 🤣
Can gou reccomend me an app for me to find a hitman?
@Ashtavakra 😂😂
There's an app for what you even can't think of.
@@janshen1222 Google app has got you covered
What's so unreal about this video is " India has less than 400 million smartphone users????????"............... seriously dude. It should cross 700/800 million
Smartphone
really interesting topic, thanks for uploading the video!
I’m thinking the super apps in the Philippines. 🤔🤔🤔
I think GCash is one of our super apps that we use and Grab too I guess. 🤓
Grab is a big superapp in SE Asia
@@houghwhite411 Yes. I agree. 😁
Grab is awesome hehe
Because super app is a deeper version of your phone ... Its just adding a layer to UI ...
We need a superapp here in Canada and USA. I hate having a different app for each restaurant I visit. My phone is overloaded with apps. I just want 1 that works across the board.
Your blaming the phone for what you install? 🤔
Who can argue with that logic
Then you whine about the app for being a monopoly when it gains traction
Just what we need; another thing for our fascist government to track our financial transactions with so they can punish wrong thinkers.
KeyZane ist a Super App you can use in Canada and USA :)
I really dislike the guy when being asked about Asia, he only answers about China. SEA is also Asia you know, and we have our different model on how things work. :/
he is located in China.. so that is what he knows about
Is there a reason Asians don’t seem as concerned about their privacy and the amount of info being collected by these apps?
Don't underestimate comfort it provide...
I do. I realised how much these super apps infiltrated my daily life, and it feels wrong to give away so much of my money to them when small businesses are struggling to stay afloat. Leaving apps like Grab means I’m giving up convenience, but it’s something I’m willing to do.
Idk but you think Google, FB, Apple, Amazon etc in the west didn't do extensive data collection on user preference for their own service?
Even if Apple don't share your data, they still ultimately make you use Apple service. Apple ecosystem in it self are the basics of super app, it's almost impossible to make iOS user to go android even if they see Apple piss in their mouth they still gonna use Apple.
Google dumps everything directly to the US spy agencies.
community based society
Decentralise, not centralise
Ugh
It's not super app. It's just super rich company, trying to milk their customers with every kind of service they can come up with.
I ordered Pizza from Dominos through PayTM.
Phonpe and google pay are far better than Paytm in India. After the cobrapost scandal, I will never use Paytm.
But Paytm is better application
Someone tell me if they think the male reporter looks and sounds like England’s Gary Neville!
PayTM is definitely not a super app
Jio app and the upcoming Tata app are probably closer to the concept than PayTM in india
Is it because other markets like Thailand / Vietnam / Myanmar / Malaysia were too insignificant that it wasn't mentioned in this video?
philippines was not there too
Thank You
Good video 👍. Keep it up 👏
How to donate ur data to China 101
Super app equals monopoly. It is no good for privacy and healthy competition. I would definitely not supporting this.
Go to Indonesia, and you can ask... Where's the monopoly....
Its nothing but amazon on mobile app. Every small app developer will go out of business :(
Random, but what camera is the male reporter using? Great quality and setup
Dji osmo
Thank you frrom Vietnam
Really informative
I maybe the only one but, I kept wondering of Arjun's (male) video was thought the DJI Osmo pocket or through the Macbook. I found it a weird set up.
Interesting topic and video tho.
In India nobody will believe in one super app , but it can work if many super apps are there , tata and jio are new players which are trying this after failed efforts of hike , paytm and I think they can succedd if they do what they do best give best of their service , if a super jio app which does not charge or charge less for internet then I will use it , same way if mighty tata can give it's best service in one app I might use it . But two super apps are not enough India would need mega 5 super apps to choose from also new apps which acts like stations to counter super apps Monopoly
Social Media + Messaging + Payment + Gaming + Utilities = X
There is nothing setting this apart from a standard os apart from probably compatability with what we're used to
Zalo in Vietnam should be noticed here.
Literally, a stack overflown.
Google Chrome or any web browser is already Super app, door to mny web application
as Indonesian, can’t imagine life without GoTo, Grab and Shopee on a daily basis
Gojek Tokopedia
Tokopedia
I absolutely hate these super apps. They super seem shady to me.
Chinese Alipay and India's Paytm are same.
If you don't know now you know.
So it's not India's Paytm anymore ;)
In a nutshell: Superapps are popular when they are the only option
lol
Nice video.
Basically it’s like if Facebook or Amazon also had a ride share component.
Here in India🇮🇳 we have UPI system..
I've heard from someone that this social media doesn't have any ads in it, is this true?
"That's not to say that Chinese people don't care about privacy." Ummm, they aren't ALLOWED to care much for it lol
That’s not true. Just because people in China don’t have much of a choice to keep data away from the Chinese government, it doesn’t mean that women in China cannot block you from stalking them in WeChat.
@@hh0686 Yeah, but I wasn't talking EXCLUSIVELY about women being stalked. Man, now I need to put in disclaimers too?!
@Allen Burger Sorry Mr Burger, but why'd you presume that I know Chinese???
@Allen Burger
Actually by looking at the user name “Yugen” you know he’s using Kanji in Japanese not the Chinese one.
Besides, normally I’d assume you’re a Caucasian w/ your name Allen Burger, but apparently you’re not, why would you even trust what’s written in one’s user name when obviously you’re not being honest w/ yours? 😂😂
The fact is Every country government can do that. Even US is doing same things.
Superapps is at least 2.5 years concept... Media in the US need an update reboot... I see this more and more compared Asia!!
Basically a browser
Indians don't value PayTM at all... All bcs of competitors targeted promotions against PayTM and "Chinaphobia" (I'll call it this way... Nowadays if you release new product to Indian market and call it "not Chinese but Indian, it's been made in India" with capital letters then you'll succeed in Indian market... Dude you're just 20 yo delivery guy... No matter who the hell you are CIA, FBI or CCP does not have anything to do with you! You're not James Bond! Just learn to live your day without extreme fears
Cool concept😀
super app is oldest technology used by nokia on their Facebook app... you can watch RUclips etc in single app
Google and Apple would remove any super apps for some sort of "violation" ... The 2 operating systems are basically the super apps ... They own all the data and all other apps have to play ball.
CNBC needs to address Mic issues of the guest. I mean the recording can be edited to remove the jarring sound
Amazing🤩
12:04 that was oddly specific.
Imagine she tried to "pull down" but the editor didn't put in any transitions, that scene would be so cringy.
It's all about products and services to selling and buying.... it's look like a trading in a game block.
Sometime I feel weird with supperapp, cause too many features that I don't need. May be I need one or more fitures but the apps provides many features, so that really bothers me
It's look alike a economy endpoint...in fact... spreading of this Apps is cheaper than advertisements...
Super app = super control by Gov's. No thank you
Nope it's not. I use GO-JEK and Grab, and there's no super control by gov.
Nice
我并不喜欢微信和支付宝这2个软件至少微信在世界范围内有很多优秀的替代品但是由于我们的政府政策无法在国内使用微信，微信的体积很大占用了大量的存储空间而且聊天记录不支持云同步使用很不方便，但是这种广泛使用的通讯软件不是你可以选择的不然就失去了意义，
Wow an app with apps in it.
can this one grab super app be used in many different asean countries or it is only for one specific country? for example downloaded this app in indonesia and if go to malaysia need to download malaysian grab app version?
In the Philippines we have GCash
Yes Philippines have digital wallet of Gcash, Maya, Coins ph, Shopee and Grab.
I love my new Super App, I just call it my Home Screen and it's really easy to get to. All have to do is turn my phone on... :-)
Google is already a super app, and Apple, and your browser
Someone to categorise the apps of Apple store and Google store and come with less and better. We don’t need that many apps on the digital stores. Even in Mexico HSBC call the different debit/credit cards apps
So basically a super app is just a smartphone something with all apps in one 🤨🤨
Super apps try to do everything, but do nothing well. It's all just a mish-mash after a while. Also, can you imagine how boring it would get to just use the same app again and again?
It's not boring if you're managing an e-commerce business in china and ripping all of us off 😅
are you tired of youtube and google?
@@ezioauditore5616 I, - I don't think you get what a super app is. RUclips doesn't allow you to visit websites and pay your bills, and have a seperate private chat and make money transfers, have a digital wallet and have a news section etc. Yes, all of these apps like RUclips, Google Pay, Chrome, are all owned by Google, but they're different apps. If I were to quote a Super app, I would be Paytm. Their Paytm app can do everything mentioned above, all in one app.
@@themis6905 but you are using one company service again and again
Well super app and app ecosystem are fundamentally same. They just have a different appearance in their services. It's even you could say with super app you COULD potentially out-convenient Google or Apple.
Worst idea ever, one company having all your data. This is a very worrying privacy issue.
Super App or monopoly app? 🤔
Everyone eventually always follow the trends in America.
So it's like an app that contains other apps?? Where is the shortcut?
I hope this trend doesn't come to the west.
Or you can just create a folder on IPhone and put all your main apps in there.
super app suck. instead of having to choose an app from your phone, you have to go into the super app and then choose an app.
An app like that will never take off in america.
I like my option. Super Apps seems like Monopoly
So basically it’s basically apps within an app….
Cool
I've read that super apps really took off in China because of initial slower network bandwidth issues. it's easier on network and phone resources if one app does it all vs several apps being opened at the same time. Is there any truth to this?
However, this is wrong
Isn’t that your internet browser?
One Ring to rule them all. Bad idea if you value privacy and data security.