189 Results from 2018, /payments
Anna Kuzmina Expert at Fintech
So about competition with the star of our previous article — M-PESA. There should be some, right? Safaricom is by far the largest mobile operator in Kenya, with even calls by other operators to declare it dominant. The other telco players are Airtel and Telkom Kenya. See the interview about Kenya — M-PESA story: https://youtu.be/QlZuKwnsAS4 Acros...
22 October 2018 /payments Fintech
Bob Lyddon Consultant at Lyddon Consulting Services
We learned on Thursday 18th October 2018, at the launch event of Pay.uk, that any renewal of the UK's retail payments infrastructure will have to wait until after the renewal of the Bank of England's payments infrastructure. This is by far the first instance of the Bank of England standing in the way of innovation, new competitors, new services an...
21 October 2018 /payments Transaction Banking
“M-PESA”: that is a name in global fintech history that can never be erased. Not that anybody would want to. Forever it will be the perfect example of a viable financial ecosystem based on rules unthinkable before. A living masterpiece that was created by a mosaic of unique circumstances, choices and risks taken at a particular time and place, an
19 October 2018 /payments Fintech
Guess what would be the most popular way to make payments in mobile Africa, in highly developed East Africa, in the upcoming West Africa? Don’t kid yourself, it is still cash. But the thing is that there are very few countries of the world where cash would not be the king. It is the question of what drives the digital payments that eat that cash a...
17 October 2018 /payments Fintech
Retired Member
Can SWIFT GPI act as a saviour to correspondent banking which is facing extinction due to disruptive Blockchain payments- RippleNet? Both systems have its pros and cons. It is up to financial institutions /corporates to adapt to new payment standards which offers convenient, hassle free and transparent payment processing standards. While SWIFT GPI...
17 October 2018 /payments
[Sourced from the research behind Project Carlton] New Payment System Operator Ltd has just changed its name to Pay.uk Ltd, a shatteringly unoriginal name and unfortunate in that NPSO was meant to signal a clean break from the previous power structure over the UK payments landscape. Payments UK, the previous industry trade body, scarcely lies cold ...
14 October 2018 /payments Transaction Banking
Biometric payments are a way to verify identity, stop fraud and make payments frictionless. However, there are still many consumers that fail to get behind biometrics due to the personal nature of biometrics. Many people still feel uncomfortable using new technologies. Less so with Millennials where 77% of them find alternative payment methods s...
12 October 2018 /security /payments Biometrics
Marcus Bateman Senior Product Manager - UK Products at Form3 Financial Cloud
[Update 29th October 2018 - I have been asked to clarify that phase 2 of Confirmation of Payee (CoP) will include support for individual collection accounts for financial institutions without the need for a separate sort code.] Will every UK financial institution receiving payments require its own Sort Code by July 2019, as a consequence of t
11 October 2018 /payments /regulation Open Banking
Trips to China are routine to me, but this hot August of 2018 was something special. Never before did I have such a feeling of hopelessness and despair, as when I found myself without money, transport and ability to order food. My first encounter with cruel WeChat Pay antifraud system happened in the very first day when using Didi from WeChat wen...
10 October 2018 /payments Asia Financial Services
During an emergency, the government, aid agencies, and the people they help need funds immediately–not in a few days, not in a week, but right now. In situations that require immediate action, a prepaid program can make a world of difference. Prepaid programs are cost-efficient, flexible, and can be customized to accommodate the specific needs of...
09 October 2018 /payments
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