In Good Company

Vodafone's Kumar envisions an Economy of Things

CEO of Vodafone Business eyes a platform that enables automatic micro payments between things

Mr Vinod Kumar is the chief executive officer of Vodafone Business, the enterprise arm of Vodafone Group. ST PHOTO: ALPHONSUS CHERN
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Forget the Internet of Things (IoT). The new buzzword is economy of things, and here is one way it works.

Let's say you are in the habit of walking to your neighbourhood Starbucks outlet every morning and typically order a latte. Soon, you could go into your app, set yourself a policy that endorses Starbucks as an approved vendor between 8am and 10am, up to a value of $5.

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