@Ketharaman - On FIS part I like not comment on Public forum and just to add I was not part of the Bid. One other non FIS source of mine and peer from UK given me some insight on this bid after it was made public .
@Bob - Thanks for your views. I like to share my views and something that I have been advicing to business owenrs that , there are learning pages from each bid even if you win or loose because, it builds insight on each service providers strengths and weakness. Time for SWOT before and after :)
I agree that, there are other adddressable markets to be discovered by each serious players in payments and outsourcing space. I have seen traction in African region, Asian market for serious players to build new products and solutions.
For example Recently Finextra has posted - about biometric based payments getting opened up in Thailand as banks and regulators have shown keen interest.
16 Oct 2019 19:06 Read comment
Kudos to the regulator and stake holders for evaluating the merits and awarding to deserved one. Lessons for other bidders to learn and move on.
16 Oct 2019 09:28 Read comment
If Wirecard is open for Acquisition, there are some serious players looking at it.
16 Oct 2019 06:01 Read comment
PayPal is busy with it's chinese payment license so such withdrawal actio may be justified as rightly menioned Libra needs patient partners.
07 Oct 2019 16:45 Read comment
Thailand is following the trajectory of Aadhar - eKYC and hope to see them spreading to other verticals such as Telecom, Govt services requiring Citizen authentication.
07 Oct 2019 16:42 Read comment
M/VISA had presence in India with issuance of Credit cards (ofcourse, we all missed AmEx which never disputed on any such issues because it knows how to make for it's margins :)) MC/V promoted Debit card issuance with big banks in India from 1998 onwards but did not cover 50% of the banks with high sign up fees, certification fee, settlement charges where as RuPay is being issued by more than 1000 banks (Public, Private, Co-op banks all were asked with very minimal sign up amount and resulted in surge in transactions and card holders.
It also helped in bringing interchange fees down from Rs 25/- (0.38 USD) to Rs. 15 (0.21 USD) as well as upgraded to global standards such as CHIP Migration as well as issuance of Credit cards.
Recent directives from RBI's directives on data storage is purely to insultate Indian citizens from incidents of massive data theft by big corporates and banks.
We can draw analogy from cloud services providers such as Microsoft, AWS which started with Europe and US locations of it's data centers and now has well balanced India footprint again data security issue was the common issue raised while migrating to Cloud and it was needed in customer centric envrionment.
21 Apr 2019 18:33 Read comment
SCA poses both challenge for adding layers in transaction completion but opportunity to build safe and secure transaction which can lead to decrease in frauds and chargebacks.
What stops in building Phone with QR code and Face ID as way to authorise transaction which is as quick as entering 6 digit passcode for txn with value above EUR30?
20 Apr 2019 12:46 Read comment
Unicorn is getting visibility !!! Good.
01 Feb 2019 16:25 Read comment
2FA using Mobile OTP is common implementation where as here emphasis in this post seems to be inlcined towards Biometric authentication (Fujitsu UK which is leader in palm vein biometric authentication :))
Ofcourse, Face and Voice based authentication can be explored as second factor rather than good old OTP.
01 Feb 2019 14:52 Read comment
I has look at AFCA members which are mainly from China, Singapore and Japan. Need to understand how it can contribute to 'Asia' and financial institutes as scope seems to be limited to few big names.
27 Jan 2019 18:17 Read comment
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