Mobile Money, Mobile Payments, Mobile Banking and Mobile Commerce can be termed Mobile Financial Services. The magic word known as “Pay” has gone viral in today’s time and every day we have 1 or 2 new startup’s entering the payment industry, specifically into the Mobile Payment domain. Mobile phones can be used to deliver a range of banking services. Not from Banks, I am separating banking and banks. Banking services dont need banks any more. Transaction data can be used to develop customers’ credit histories to offer other top-up services.
Banks to set themselves on for new financial, banking and innovative business. What would have been considered impossible until a few years ago –transforming themselves from impassable monoliths to nimbler organisations, open to new kinds of partnerships. But as we would soon see, Banking-as-a-Service (BaaS) rather than Banking-as-a-Platform (BaaP) more aptly describes banks’ strategy of providing public APIs and development portals.
Cash – Cash is still a king & will remain always. This article is focused on 2 recent changes in the mobile payments industry. There were some revolutionary attempt by Reserve Bank of India on mobile payments to crush cash payments. Banking License to non banks. Cash […]
Some Background – Game trap This post is on game trap of money focused on my own assumptions and experience. Understanding driven purely from the prospective of my ability to correlate the offerings and reasoning on the offerings by various governments of different countries. Governments of lost or […]
This article is focused on high level discussion and showing what is happening in payment industry and contribution / future impact by 4 well known camps Apple, Android, Microsoft & Samsung and many many other players as now “Pay” word is very favourite word for any company to […]