4855 Results from /payments
Retired Member
Mobile Money – Will the card payment companies come to dominate? As I mentioned in my previous post, Visa have indirectly come to be an important player in the mobile money market in Nigeria. In fact, the card payment companies (Visa, MasterCard et al) have been very active in this sector of late through their big name hires and acquisitions, whic...
13 September 2011 /payments
Ketharaman Swaminathan Founder and CEO at GTM360 Marketing Solutions
Credit card holders in India might have noticed of late that they’re receiving SMS alerts on their mobile phones each time they use their cards. I’m not sure if this is a bank/card-specific initiative or the outcome of some new government regulation applicable across the industry, but I’ve been receiving these notifications from the issuers of bot...
Bo Harald Chairman/Founding member, board member at Trust Infra for Real Time Economy Prgrm & MyData,
Rereading Christensen’s Innovator’s Dilemma. Some takes (emphasis mine) : - most successful enterprises get into deep trouble sooner or later and one theme common to these failures is that the decisions that led to failure were made when the leaders were widely regarded as the best in the world - Good management was the reason for failing to stay a...
12 September 2011 /payments Innovation in Financial Services
In my recent blog, I pointed out that regulations are constantly changing, becoming more complex. Global banks will find that proving transparency across multiple products to the regulators is a big challenge. All tier one banks operate with at least some legacy systems and some manual data sources, and can’t deliver all the required information i...
12 September 2011 /payments
Brett King CEO & Founder at Moven
Last year I commented at SIBOS that there was finally the realization that things weren't returning to normal - a new normal was emerging. This was a common theme emerging from the myriad of discussions and debates over how the industry would emerge from the wreckage of the Global Financial Crisis. In their typical prophetical style, the Innotribe ...
09 September 2011 /payments /retail Innovation in Financial Services
The announcement that the Canadian carrier Rogers Telecom has applied for a banking license should hardly come as a shock to the retail banking fraternity. There is already a plethera of mobile carriers fully engaged in mobile payments right now, from Safaricom in Kenya, Orange (with Barclays) in the UK, the ISIS collaboration in the US, LG Telec...
08 September 2011 /payments Innovation in Financial Services
During summer I was toying around idea how mobile payments could be combined with barcode readers. Some of my friends have with their iPhone online banking app. They can scan new paper payments with camera and barcode. When scanning picture they upload document info to banking app and pay. It seems to work fine with them. For this idea, I started ...
05 September 2011 /payments Online Banking
Although it is a long-time off yet, we can now envisage a time when most of the developed world, and indeed most of the developing world will no longer deal in hard currency. There are a number of drivers for this: 1. Impact of mobile payments 2. Tighter money laundering requirements, and 3. Cost of physical handling versus electronic transactions ...
02 September 2011 /payments /regulation Innovation in Financial Services
We often come across statements that e-invoicing is a domestic issue - the cross border part is so small (some 5%) that we do not really need to care. This is a false picture as can be arrived at by just looking at the volumes of cross-border trade. The reason for this misunderstanding is that enterprises have to establish local subsidiaries and t...
01 September 2011 /payments Innovation in Financial Services
This blog was created while Mark was working at The Logic Group. Once again, my thoughts turned to mobile transactions this week. This was off the back of reading that mobile conversion rates for a retail website are 25% higher than there main site! How can this be so? How are so many people viewing an item on their mobile, and buying it in one si...
01 September 2011 /payments
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