Profile

Location

Dubai

Member since

2013

VijayaRaghavan Raju

Manager Banking and Diversified Financials at Capgemini Financial Services

Message Posts: 0 Comments: 6

Bio Consulting and Implementing Digital Banking Strategies and Platforms for banks globally Career History Zafin Labs, Infosys Technologies State Bank of India Corporate and Retail banking, Electronic Banking, Customer Centricity and Revenue Management

VijayaRaghavan is Commenting on

Dubai preps mobile phone number-based payments system

Alex - I dont think CG has been involved in such projects, at least in this region.

13 Jan 2016 Reply Read article

Dubai preps mobile phone number-based payments system

Nick Holt - Dubai Card is a card that needs either ann underlying bank account, or cash in hand to load funds, doesnt it?

13 Jan 2016 Reply Read article

Dubai preps mobile phone number-based payments system

Muhammad - Valid point. But a mobile based wallet platform (for instance one like Beam in the UAE) is a good replacement for plastic cards. Of course the underlying instrument continues to be a card issued by a bank of a financial institution. My point is that the mobile based payments system will be helpful on both fronts - 1. in getting rid of plastic cards and thereby fat wallets, and 2. for the unbanked masses who dont have hte privilege of having bank accounts or plastic cards. Hence, for me this is a great move by the UAE Government.

13 Jan 2016 Reply Read article

Dubai preps mobile phone number-based payments system

The operatibve word is the unbanked workers. They dont have easy access to the banking systems, and hence can do most of their transactions via a mobile based wallet to which their salaries are credited. It would be much easier for them to key in their mobile number and PIN.

13 Jan 2016 Reply Read article