Category: FinTech
Payment Methods: Mobile The Best Alternate
For mobile “remote payments” the transaction is conducted over a telecommunication network such as GSM or the internet and can be made independent of the payee’s location and/or his/her equipment thus creating ease, convenience, and trust for end-customers (payers/consumers and beneficiaries/merchants). This concept is hereby regarded as critical for the further development of mobile payments.
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NFC as a Payment Channel in Mobile Financial Services
Why cant you and me get some small dust out of it. NFC is use since ages but never gorton attraction and attention we all know technically NFC is a wireless communication technology that permits data transfer over distances of up to 10 cm based on the ISO/IEC 18092 standard. Based on Radio Frequency Identification (RFID) technology, it has been used in various industries including retail, automobile, medical, transportation, and manufacturing.
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2014 Year of Digital-Payments Transformation
Digital-Payments – In the present economy and era, having knowledge of payments is crucial, particularly in the realm of digital payments. Individuals seek inexpensive, secure, user-friendly, and expeditious payment options. Due to a scarcity of both time and money, merchants and consumers are constantly seeking the most favorable options. Meeting these objectives will require significant contributions from AI and blockchain technologies.
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The Future is Here: How AI is Revolutionizing the Banking Landscape
In the bank-led financial sector, banks should prioritize customer-centric practices, financial inclusivity, and enhancing infrastructure to better serve customers through agents, merchants, billers, and remittance partner networks. However, regrettably, this does not seem to be a top priority for them. Banks prioritize high-value transactions over those with just a few dollars.
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Lets Fight – FinTech vs Strong Banks
Today’s consumer expects a seamless mobile payment experience; failing to meet those expectations can be devastating to a brand, idea, innovation and eventually the payments industry. Banks in particular will need to move swiftly if they are to take advantage of the opportunities on offer in the global payments business, or risk losing out to nimbler competitors.Although Mobile Money had been designed as a peer-to-peer payment system but it has gone much beyond the basic idea..
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Mobile Money and Mobile Payments – Intro to MFS
Mobile Money and Mobile Payments – Mobile Financial Services or FinTech Intelligence platform usually allows various users to access its services. Service access channels are […]
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Digital Banking Services – Limited for Some
Banks need to take a radical change from their current modus operandi in order to beat MNOs in the field of mobile payments or else take back seat as clerk for reconciliations and accounting units and regulator should allow MFS companies to innovate and bring new solutions and products in no time and make customers life easy, less costly and much faster. I..
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Digital Landscape: The Resilient Drive of IT and Fintech Towards Digitalization
In today’s rapidly evolving world, the digital landscape is undergoing a profound revolution, driven by the tenacious efforts of the Information Technology (IT) and financial technology (fintech) sectors. Across the globe, and particularly in Africa,
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How Financial Inclusion Can Lift The Country Economy
Financial inclusion means giving people and businesses the chance to use different types of financial services, such as loans, savings accounts, insurance, and other money-related services. This access to capital and financial tools fosters a good and strong platform for starting businesses, encourages investment and promotes economic growth. It helps people start and expand their businesses, which creates jobs, contribute to country growth, things gets more efficient, and helps the economy get bigger.
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The Future of Payments: Exploring Cutting-Edge Technologies
convergence of service providers’ drive for innovation and consumers’ willingness to adopt new technologies will shape the trajectory of technological advancements. By striking a balance between pushing the boundaries of technology and meeting consumers’ needs and expectations, the gap can be narrowed, l
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2012 The Year of Mobile Wallets
The current approach to payment processing has undergone a significant change mobile wallet has transformed our money from paper cash to digital cash. With the introduction of a range of products offered at the merchant end. Companies offering mobile payment solutions are utilizing the capabilities of adaptable and unsealed systems to create a superior level of engagement between buyers and sellers.
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From Concept to Reality: Tracking Fintech Progress in 2011
Mobile Payments: The proliferation of smartphones and the increasing adoption of mobile technology laid the foundation for the growth of mobile payments. Companies like Square and PayPal were early pioneers, offering mobile payment solutions that allowed individuals and businesses to accept payments using mobile devices.
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Mobile VAS Services and GSM – Powerful Friendship
The realm of mobile value-added services incorporates several messaging applications, including SMS, MMS, and instant messaging platformst. These services enable users to swap written messages and various forms of media and engage in live communication.
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Mobile Money | Promoter of Financial Inclusion
Africa is the land of mobile money, and mobile is the most frequently used and widely accepted technological device of any other. Financial services are a key need for most people due to almost negligible banking penetration, and it makes sense to enable mobile devices with a set of financial tools and features as mobile handset penetration is more than 10 to 15 times higher than banking
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The MNO-Bank Convergence: A New Era of Financial Possibilities
Personally, I have had the opportunity to participate in programs aimed at building experience and expertise in scenarios involving Mobile Payments or Mobile Wallet-based Cross Border remittances. These initiatives have proven vital in supporting national economies. It is crucial to acknowledge that certain countries, such as Greece, Cyprus, and Italy, found themselves compelled to accept rescue terms that impacted not only bank bondholders and shareholders but also countless private deposit holders.
