Bo Harald of Tieto Corporation shared a vision of the future that his company has been working on along with many other stakehholders. They are already in the process of implementating eInvoicing, part of something they call the Real Time Economy of financial transactions around the world. And they're making the basic part of this executable by a basic mobile phone. That means that even Ramu the teawallah, if he has to collect his accounts receivable from the MNC employees every month, they could eventually conceivably simply transfer it to his account. From what I could gather there is a finnish bank involved with the prototype and the Finns have been asked to set the standards for the EU wide system.
That is the now.
But what does it mean for the future if all transactions are eventually to be standardized over the mobile phone, regardless of the location? Would Nokia Money be part of this? And if so, what would it mean in terms of disruptive innovation? Here's another slide.