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Payments systems visions, strategies, trends, pilots, forecasting, and planning for the short-, medium-, and far-term.
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Anish Kapoor CEO at AccessPay
ROBOTS ARE NOT TAKING OVER — Anish Kapoor, CEO AccessPay ‘Doing more with less‘ is a catchy phrase which is being bandied about a lot in this economy. For it to work, companies need to act strategically and ultimately think more along the lines of ‘doing more, by manually doing less’. By this, we mean less pointless, mundane, labour-intensive tasks...
06 June 2016 /payments
Heads up guys. PSD2 is coming to a payment screen near you. And for those who don't know about it, here’s a quick trailer. So, just what is it? In essence it's an overhaul of PSD1 (the Payment Services Directive), launched in 2007 to modernise and standardise how the payments system operates across the EU. The aim was to make cross-border payments...
25 May 2016 /payments /regulation
Retired Member
"Are you sure you want to do this" Richa asked. I must confess I was not, but decided to go for it and thus started this journey from Mumbai to Singapore and back without single penny cash. Yes, that’s right Just a credit, debit and travel prepaid card. Transit (Home to Airport): Ordered OLA and paid using the OLA money wallet, funding sa...
06 March 2016 /payments
Can opposites within the financial services industry attract? While psychologists believe that opposites attract, they also say that over the long-term they can drive each other crazy - Could this happen with Banks and FinTechs? Although banks may have seen FinTech firms in the past as little more than a fad, concocted by liberal techy types, the...
11 February 2016 /payments
Banks of every size are keen to win and retain Corporate customers – nothing new here. However, what is surprising to me is how many banks I think are missing a trick when it comes to realising opportunities to expand their Corporate portfolios by offering the easy access to bank services over SWIFT that many Corporates are demanding, especially ...
17 November 2015 /sibos
When the Bacs payment scheme implements SHA-2 internet security certification next year, anyone submitting direct payments will need to upgrade their Bacs approved software to ensure they can submit securely. With the change looming and cloud adoption on the rise, it seems prudent to weigh up the pros of cloud-based Bacs approved software over the...
12 November 2015 /payments
Innovative technology has given businesses an opportunity to boost their customer service. In today’s digital-savvy world, real-time payment processing meets customer demand to speed up receipt of funds with certainty, convenience and at a competitive cost. Corporates are also demanding a broader range of payment methods to improve their client ex...
11 November 2015 /payments
Capgemini Consulting and RBS recently released WPR 2015 it is quite comprehensive study of the manner in which payments industry is growing globally. Below mentioned is my takeaway (Also added a few points from my side) from the report. 1. Asia is the driver of Global Non Cash transaction Growth: Global Volume’s reached 357.9 billion (2013) 2. Bank...
13 October 2015 /payments
The objective of this 3 part series is to examine in brief the barriers and motivators for the key players in India’s (the author believes it has elements that can stand true for any economy that intends to go cashless) Journey towards a cashless society. In part 1 and 2 can be read at Finextra Blogs. Business (Issuers/Acquirers): The estimates...
08 October 2015 /payments
The objective of this 3 part series is to examine in brief the barriers and motivators for the key players in a Journey towards a cashless society. In part 1 the role of retailer in this journey was shared and can be checked at part 1 in blogs section @ Finextra. Consumer : Cash “The King” the acceptance ubiquity makes it the first and foremost ...
29 September 2015 /payments
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