Capitec has introduced Apple Pay digital payment wallet to its clients. Sending notifications on the announcement Capitec has notified clients of the new added…
Imagine for a moment that you’ve decided to spend your money on… something, anything really. A car, a cellphone, an iPad, a haircut, pay TV service, whatever. Now imagine for a second that an intrinsic part of that transaction gives whoever you are trading with the right to enter your home and rummage through your personal belongings and those of your kids. And they can do this with impunity.
Furthermore, not only would they be able to do that, they would be able to extend that right, perhaps at a price, to anyone of their choosing. Would you still participate in that transaction?
I’m not afraid to predict that, given those terms, no one would knowingly agree to participate in a transaction of that nature. Unknowingly is a different matter altogether. Which is exactly what good old videogame publisher Electronic Arts (EA) is counting on.
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