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Hooman Mazaheri, CEO, Europe at Znap, explains why it will take more than just a payments app to crack the mobile commerce market.
I suggested in a recent post that mobile payments should take the payment initiation route - as so many more merchants are sending propositions to the customers mobile anyway - and the whole buying+payment can then be a simple press A. The habit and technology
is already in place in e-invoicing. Consumers in the Nordic countries get 1 bn invoices a year and SMEs a further 0,5 bn.
The extra benefit with this structured data model is automated accounting and VAT-reporting at both ends..
It will be great if e-invoice can be further automated and integrated with payments. In India, we have seen it happening on Bill presentment stage using brilliant features of Adobe PDF.
Hooman Mazaheri - Znap is voicing the same thing as what Sqaure did by acquiring BookFresh and Restuarant ordering app.
We are using structured data in national standards with reformatting services for global reach. PDF dose not support this but is sometimes used when a party needs a picture or a digital signature. Reformatting breaks digital signatures as you know - one
reason for regulating away mandatoryship in new EU VAT directive.
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FinextraTV reports from Sibos 2019 in London on the impact of Regulation on the industry. In this, final episode, we learn about how Banks are adapting to the changing regulatory landscape, whether the cost of compliance outweighs the value of innovation, what success in this space demands and whether regulation will be able to keep up with the pace set by the tech giants.
Standard Chartered, Deutsche Bank, Nordea, LHV, KPMG and Crown Agents Bank are among the many leading institutions to share their views exclusively with Finextra Research.
Scott Mullins, Director, Worldwide Financial Services, Business & Market Development, AWS, speaks at Sibos about the impact of cloud on the transformation of bank, how this transformation will accelerate and how Open banking ties into banks transition to the cloud.
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Kanika Hope, Strategic Business Development Director, Temenos, speaks at Sibos 2019 about the launch of The Temenos Value Benchmark Program, some of the key insights that the benchmark has revealed about the trends in the industry and examples of how the Benchmark has helped participating banks.
Andreas Burner, Chief Innovations Officer, SmartStream & Roland Brandli, Product Manager SmartStream, United Arab Emirates, speak at Sibos about developing new and innovative services, the benefits for the customer, the launch in the digital payments space, how to handle the volume of payments and the future in this space.
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