NFC The Next Big Thing – NFC or technology in this article is neither new nor a revolutionary innovation its in existence in the business industry since decades. Mobile payment using NFC as an interface is not in use for long can say it’s pretty new. This is in […]
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 […]
Payments industry of today has transformed into Payment-Intelligence and this intelligence came after a handshake with artificial intelligence and its bundle technologies. It would not be wrong if we compare it with either payment war, payment jungle or even just payment storm. The disruption in mobile payments domain brought in by well-known technology campus boys i.e. Apple, Android, Microsoft & Samsung can’t be ignored. Though all of them have no prior experience or knowledge in the banking industry. Yet these guys manage to force us to adopt digital money and discard the papers.
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 […]
Mobile Money Services essentially was for unbanked & under privileged customers.
Mobile Money suppose to improves life for the Lower segment of society by
Domestic Remittance from cities to villages
Availability of Agents to withdraw cash
Building Savings Culture
Acceptability of Mobile Money under Mobile Financial Services was the biggest break through
Role of Mobile Money Agent is crucial and very critical for success…