Tag: NFC

AI Changing FinTech Modus Operandi

AI in Fintech is a great help & ease for understanding on how the automation can be achieved for automated tasks (yes its true). Machine Learning focuses on predictions, based on known properties learned from the training data using too much statistical inductive reasoning. It’s been said ML works very well as long as past gets repeated in future. Financial chat bots use predictive analytics to push out real-time, informed responses to customers without the need for human intervention.

AI The Epicenter of eCommerce

In our todays online shopping how much is artificial intelligence. How artificial intelligence can help retailers to deliver the highly personalized experiences shoppers desire. Ant colony optimization algorithm (To formulate training feed-forward neural networks with ant colony optimization) to obtain the users’ preference information are widely used in todays ecommerce business for comparison-shopping to solve the problem of the user bias’ filtering and learning. The performance improvements are important to both consumers / buyer and sellers / merchants.

Magic Word Pay in Digital Payments

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. The world’s best companies; main from out side of payment / financial domain are rushing (yes rushing) for Digital Transformation for money. Getting inspired by the cutting-edge technologies, innovative products and solutions

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Mobile Financial Services – Intro to MFS Speed & Security

BaaS and BaaP are founded on the fundamental concepts of providing open banking services and APIs that are favorable for developers. One of the most significant issues regarding security in e-commerce is ensuring the employment of appropriate and trustworthy payment methods such as Internet banking, mobile payments, card payments, or instant payments.

NFC – FinTech, Banking, Technology and Speed

While many consumers continue to have inquiries concerning the use of Internet banking and NFC stickers attached to their budget-friendly mobile phones, modern technologies with an open and integrated design offer easy solutions. These solutions include a broad range of products, such as retail, corporate, and micro-banking suits (credit, savings, insurance, etc.), offering complete front-to-back and back-to-front solutions.

Mobile Payments – NFC The Next Big Thing

It is now necessary for financial institutions and other interested parties to collaborate and utilize technology and pre-existing mobile network operator infrastructures to acquire customers, expand their services, minimize expenses, and boost revenue in markets where regulatory authorities are more prominent. Consequently, mobile payments have emerged as a practical substitute for conventional payment methods, including cash, credit or debit cards, online transactions, and even bank account transactions.

CashLess Payments to Drive LessCash Payments

Mobile Financial Services – Powerful Tool for mCommerce

With the advancement in technology like artificial intelligence, quantum computing, blockchain, etc. organizations outside the banking industry are diversifying and demystifying financial services. Targeting small & succinct margins in the space they are making a lot. These were organizations servicing millions of customers through broad distribution channels, be they, mobile operators, mobile handset manufacturers, retailers, or online merchants.

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Mobile Payments – Rumble In The Jungle

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.

The Mobile Money Revolution – NFC Mobile Payments

The main drivers behind the success of mobile money are the explosive growth in the number of ‎mobile devices and the fall in the cost of computing power, which has lowered the barriers to ‎new entrants in this field. Mobile money (m-money) is quite versatile and can support a variety ‎of services, in particular, person to person (P2P) money transfers, which are of significant value ‎for emerging economies. The other key driver for this is the inaccessibility of banking services to the general populace mainly due to ..

NFC Payments Ecosystem and User Experience

Banks must exploit technology, and leverage existing MNO infrastructure to acquire customers, enrich use cases, lower costs, and increase revenue, especially in markets where regulators (such as reserve banks) play a dominant role. As a result, mobile payments have become a viable alternative to traditional payment methods such as paper, plastic, online, or even bank account payments.

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.

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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2013 The Year of Mobile Money

From a financial inclusion perspective, mobile money services were essentially for unbanked and underprivileged customers, but due to the unavailability of a Ministry of Innovation as well as strong control from central banks, this got lots of support and attention, resulting in rapid growth for those providers who got the principles right, though the majority of such services failed (no offense to any, just referring to the statistics available across the globe on successful and vanished mobile money deployments).