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Such De - risking can enable businesses in these eight countries to get benefited bi-laterally.

Great move by the bank as name goes always YES for new ways of payments. How about Merchant spread/acceptance acquiring such wallets?

Jumio has powerful ID offeing...sad to see the boat sinking.

It is good initaitive required with one more dimension to be added - White Label ATM deployment. RBI has awarded WLA license to more than 8 companies (NBFC) with networth of more than 50 CR in last Three years.

Except TATA Communication - IndiCash other WLA players have not deployed major numbers and still in process of roll out.

Such directives will help WLA players to provide several more incentives and revenue sources to partner with banks for several banking services in Rural and Semi urban areas as they are suppose to deploy ATMs in ratio of 3:1 (3 ATMs in Rural with 1 in Urban or Metro).

Hope to see Kelly will reinforce some good business practices of AmEx.

Kudos to Charlie for leading VISA to jump into high growth and innovation orbit in payments space.

Fraud Prevention and risk management has become really costly and matter of business case to monitise it. Refer the recent PCI DSS compliance impacting in UK.

Nice cliche - Shoot First than Think and if need Shoot again LoL!!

ICICI 's proof of concept part missing? any reason or they have done it silently with INFY?

Thanks for First logical step to bring security framework and its enforcement by SWIFT. more to look forward next month with details of objectives and its controls.

@Joao Bohner - Your understanding is welcomed and hope DN get's it correct. At the end, banks and its customers will be benefited from it.