5205 Results from /payments
Retired Member
Valentines day was sealed with a less than loving glitch for retailers this year. Thousands British businesses were left helpless after a technical fault hit their card payments system, on Valentine’s Day weekend. The outage from Global Payments is the latest in a long line of IT glitches from the banking and payments sector. We’re less two months ...
06 March 2015 /payments
It is hard to remember back to when a person could only send an SMS to someone else who was using the same Instant Messaging (IM) platform. Interoperability was eventually worked out between IM platforms back in the 1990s. This post looks at mobile money systems around the world today—which lack interoperability—and how this situation will like
05 March 2015 /payments
There is a massive latent demand for financial services across Africa. This currently involves around 40% of the population, despite the significant progress that has been made across the continent so far. Previously, uncertainty on consumer engagement compounded with high technology prices prevented governments investing in the sector. But, a lot...
04 March 2015 /payments
This blog is really an outcome of the questions/ comments I received on my previous blog on Apple Pay. Every one has essentially 3 main tasks when it comes to payments - pay friends/ relatives/ other individuals, pay billers, and pay merchants. I had written about how Apple Pay does not help me with all of these tasks in a holistic fashion. I rece...
02 March 2015 /payments
Stanley Epstein Associate at Citadel Advantage Group
Developments in the mobile payments world have really got me worried. I come across an ever increasing account of different banks and technology companies coming to market each with their own variations of what they call “mobile payments”. To start with the term “mobile payments” is confusing to most, even some seasoned bankers. What the man-in-the...
02 March 2015 /payments Innovation in Financial Services
Abhishek Chatterjee Managing Partner at Gartner Inc.
Banking industry is on the cusp of Digital disruption. Threats are no longer coming from their traditional peers, but from disrupters across telecom (Bharati Airtel applying for Banking license), cash rich retail (Amazon, Alibaba providing lending services) & Smart phone manufacturing (Google, Apple etc) industry. To complicate things further,...
28 February 2015 /payments Innovation in Financial Services
Greece, the sick man of Europe, continues to dominate the headlines as the latest chapter in the Greek economic tragedy has seen Syriza, the radical anti-austerity party rise to power and ruffle more than a few feathers in Europe’s corridors of power. But, many Greeks who supported their rise to power now say they have already betrayed their mandat...
27 February 2015 /payments
Apple gets it. The way to make things appealing is to make them simple, convenient and valuable for consumers. This is why couponing, loyalty and ticketing are set to be included in Apple Pay 2.0, bringing value added services (VAS) to the masses, driving further adoption and stimulating further innovation from other industry players. The Apple ap...
26 February 2015 /payments
Truly worthwhile destinations almost always require a significant journey. The widespread use of digital money is no exception. This post describes recent research published on the journeys which 90 countries are taking toward digital money and shares the key lessons learned. A recent Wall Street Journal article entitled, “The Slow, Steady Mar
25 February 2015 /payments
Apple Pay, Google Wallet, Samsung Pay and PayPal are just a few of the solutions which financial technology commentators predict will bring about the downfall of cash and the plastic card. Others predict cashless and plastic-free societies by 2025. Do banks and their consumers genuinely believe this is true? A Smarter Card This month, the Smart Pa...
24 February 2015 /payments
Welcome to Finextra. We use cookies to help us to deliver our services. You may change your preferences at our Cookie Centre.
Please read our Privacy Policy.