If just for a minute we can assume every person on this planet has mobile phone, every mobile user has a bank account/wallet, every bank account is created instantly, virally and at no cost, No bank charges exist,
Cross Border remittances(CBR) expected to rise about $0.8 trillion USD. Numbers here are real big and yes this is a big deal. But since most of the world’s population now has access to the Internet or mobile phones, it is just a matter of time before the scales tip to
Financial Services Authority of Indonesia (Otoritas Jasa Keuangan or OJK) a government agency, which regulates and supervises the financial services sector, has finally issued a regulation on financial technology (Fintech) firms that run peer-to-peer (P2P) lending businesses in Indonesia. On the other hand Bitcoin penetrates deeper into Indonesian market, exciting times. In August 2016 in Tangerang, Indonesia OJK was preparing for regulations to support financial technology businesses. Financial regulators
Journey from cash only transactions to less cash and afterwards if possible moving to cashless or digital money society. This journey looks very simple in textbooks or written on blogs or papers but ground reality can be very different. Along this trip people suffer tremendous setbacks, difficulties, mental […]
Mobile Payments – Mobile payments platform usually allows various users to access services via multiple channels like Web, App, POS, USSD, NFC, QR Codes and SMS etc. Mobile Payments – Speed & Security Against escalating security threats on mobile payments, empowerment of merchants, acquirers, and service providers with […]