-
Mobile Wallets Gain Currency at India’s Brick-and-Mortar Stores
Could mobile wallets be to India what credit cards are to the West? When they were launched about five years ago, they were used mostly for making online payments. Increasingly, though, they are being used to make payments in the 'offline' world.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments
-
Financial Inclusion a Theme at MasterCard Investor Day
During MasterCard’s Investment Community Meeting on Wednesday (Sept. 9), the remarks from CEO Ajay Banga and his executive team gave a pretty good indication into how MasterCard views its role in the fast-moving digital payments ecosystem.
- Categories
- Uncategorized
- Region
- South Asia
-
New Report Examines Payment Aspects of Financial Inclusion
The Committee on Payments and Market Infrastructures (CPMI) and the World Bank Group today issued a consultative report on Payment aspects of financial inclusion. The report examines demand and supply-side factors affecting financial inclusion in the context of payment systems and services, and suggests measures to address these issues.
- Categories
- Uncategorized
-
Different Worlds: Why digital payments should not be regulated as an offshoot of banking
Digital payments is emerging as its own field of expertise - and though the two sectors are often lumped together, it differs substantially from banking. For instance, banks prosper greatly from managing risk and little from network effects, while payments providers typically are just the opposite. This leads to fundamentally different outlooks between the practitioners in each field, and necessitates different regulatory approaches.
- Categories
- Uncategorized
-
M-Pesa Opens Up to 3rd Party Developers in Kenya as Safaricom Launches API
When mobile payments and banking come to mind, one most likely thinks of headline-grabbing industry leaders such as Apple, Barclays and Visa. However, the reality is a bit different. The distinction of largest uptake of mobile payment adoption actually belongs to Kenya, and the M-Pesa payment solution.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
Mobile wallets like Paytm and Mobikwik are tying up with kirana stores in rural India
Mobile wallet and payment services such as Paytm and Mobikwik are tying up with kirana stores in semi-urban and rural areas as they seek to grow in regions underserved by banks.
- Categories
- Uncategorized
- Region
- South Asia
-
Startups innovate to make payments faster in India – but e-wallets face Ashley-Madison-like threats
People are slowly moving towards using digital and electronic payment modes, but payment startups face challenges such as customer awareness, fears about security, and concerns about product or service delivery.
- Categories
- Uncategorized
- Region
- South Asia
-
Buying with bitcoins in India
With the increasing ease of using them for purchases through mobile apps, bitcoins are quickly transitioning from being trading units to shopping currency.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments