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nicely put - "point of aisle financing" :-)

Mobile Payments (UPI in India for example) are slowly killing the credit card industry, do you agree? 

Interesting, thanks for sharing!.

John, thanks. when the domestic payment fees 'goes towards zero', how will the PSP make any monies from the payments business, esp if PSP is a non-bank.?

Are the retail customers in UK willing to pay for TPP sevices?

Interesting observations and insights.

Given the recent developments towards real-time money transfers (I mean - real money), one wonders if business case of wallets is still so strong as it was say 5 years ago. Real Time money transfer systems  in Europe, Australia, UK, US are all targetting for transctions in just a few seconds, and that too with so much ease (via mobile, using QR codes, and free of cost), it seems you can operate on your real money as easy as you can with a wallet.

As for wallets - What bites me is the need to prefund the wallet, and having to keep credit card information inside the wallet. Im better of with a credit card at a shop, with cash on petty transacations, and wallets - probably rarely if both above does not seem to work.

Thanks Ketharaman.

btw, I mentioned this in my post. "So, in the longer run, the countries that looked at customer convenience will have larger user base than the ones who invested on speed."

This recent post in finextra some what proves my point. Thailand now has 24 million users signed up to PROMPTPAY, which is almost a third of its population, according to figures from the Bank of Thailand. Whereas Singapore has just just half a million users registered to use the PayNow service, despite the country's ambitions to be a world-leading tech-based economy and its status as a leading fintech hub.

https://www.finextra.com/newsarticle/31150/singapore-and-thailand-look-to-link-e-payment-schemes

Very intesting and very bold posting. thank you for sharing.

Thanks Susan for concurring view. I think you put that right by saying "Attention should be what the problem is that needs solving".

@Brett,

"This whole pay in real-time thing is obviously just a conspiracy to create massive risk in the system and displace honest banks trying to make an honest living"

Interesting that you said "to create massive risk in the system". Can you indicate why you said that, and do you believe the same 5 years down the lane today.?

Amazing that you wrote this as early as Jan 2016. Nothing concrete has come out yet, which someway goes to show there was/is more hype going around.

One thing that I noticed is - many who are riding the block chain wave neither actually have technical understanding nor the domain expertise to figure out its application in the industry. So its more like a 'buzz word'

@Ketharaman, yes read it and appreciate your point. I googled up to find that the success rate of online payment is as low a 18%.

Thank You,