Cloud – MFS on the cloud along with machine learning and data intelligence. A high-level overview of Cloud Computing, Cloud-based mobile financial services and mobile payments is the objective of this post. Cloud computing is an easy and simple concept but sometimes it gets oversimplify along with same […]
Economic Growth – Any country with a solid, stable and raising economy always has a very strong payment system. The impact of electronic payments i.e. money in the form of bits and byte rather than tangible items like paper or coins on economic growth is much higher and […]
Payments are becoming more and more intelligent then payee. The amount of payment services providers we have added to the payment market in last year and how many will add in the next 2 years are actually more than combined numbers of the last 100 years. Payment transformation is 10x faster of today compared to the last 5 decades. This article explores the different payment options and opportunities.
Technology is a friend/ helper not as tester or rocket science; MFS product use and accessibility needs to be simple for people to make them comfortable and pull out maximum benefits especially for unbanked who have not seen the real MFS. Study from google shows that globally, mobile money users transacted a total of USD 7.5 billion through 479.5 million transactions in the month of December 2014. If cash-ins and cash-outs are included, mobile money users performed 717.2 million transactions, total of USD 16.3 billion.
Rush Hour – Mobile payments rush hours i.e. every day a new entrant in mobile payments business jumping in with or without any experience or expertise. Mobile payment businesses like ApplePay, SamsungPay, Microsoft, Google, Facebook and many more are few examples for this. All of them jumped into […]