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FinTech’s Elephant Seal Problem
Like the elephant seal, most fintech companies are focused on growing as large as possible. That means they usually choose a free business model to facilitate growth. Kristen Berman and Wendy De La Rosa of the Common Cents Lab say there's a better way: Abandon the free model and focus on removing the true psychological barriers to financial management.
- Categories
- Technology
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Social Business Roundup: A Defiant Asset Manager, Salty Doorknobs and Who Has it Worse?
This week in social business, the world's third-largest asset manager is pressuring companies to add more women to their boards; a Nobel Prize winner's ponderings on inequality within nations might make you rethink life in America; and salt earns a chance to be a hero – for a change.
- Categories
- Energy, Environment, Health Care, Investing
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Cheaper and easier to handle, UPI apps pose challenge to e-wallets in India
Apps using the newly launched Unified Payments Interface (UPI) are threatening to dislodge the hold mobile wallets currently have on small & medium enterprises (SMEs) and retailers. Platforms like Goodbox, Shoptimize and Nowfloats, which help small ventures take their businesses online, say there's growing interest among these companies to test the UPI payment method.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments
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Samsung Pay Mobile Payment Platform Goes Live in India
Samsung's mobile payment platform Samsung Pay has finally launched in India. The service was expected to make its debut in India for weeks now. The company on Monday confirmed to Gadgets 360 that mobile payments platform Samsung Pay was open for Early Access registrations in India, via the official Samsung Pay website.
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- Technology
- Region
- South Asia
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PesaLink is no threat to M-Pesa, says Safaricom
The planned launch of interbank mobile money transfer system next month by commercial banks will not slow down revenues from Safaricom's M-Pesa, chief executive Bob Collymore has said. He says a significant number of close to 25 million customers on its money-minting machine, M-Pesa, will not be swayed by PesaLink because they do not hold conventional bank accounts.
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- Technology
- Region
- Sub-Saharan Africa
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Grameen America, Citi and Mastercard Collaborate on Financial Inclusion for Female Entrepreneurs
Grameen America, a leading nonprofit microfinance organization, today announced a collaboration with Citi and Mastercard to introduce a number of financial technology solutions that will greatly enhance the organization’s ability to promote digital financial access and inclusion for more than 86,000 low-income minority women entrepreneurs across the United States.
- Categories
- Technology
- Region
- North America
- Tags
- digital payments, fintech
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Fewer Than 50 Percent of Global Consumers Trust Businesses to Protect Their Financial and Payments Data
Consumers across the globe are more concerned with protecting their financial and payments information stored on a computer than they are with protecting this data when stored on a mobile wallet, according to new benchmark data, "Global Consumer Survey: Consumer Trust and Security Perceptions," from ACI Worldwide (NASDAQ: ACIW) and Aite Group. The global fraud study of more than 6,000 consumers across 20 countries revealed that only 43 percent of global consumers trust businesses, including restaurants and merchants, to protect their financial data -- while surprisingly, more than 80 percent of global consumers generally believe their mobile wallet data is secure.
- Categories
- Technology
- Tags
- data, digital payments, fintech
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Visa Says Malaysia Is the Next Big Mobile Payments Market
Finding the next big growth market is a challenge for pretty much anybody, and mobile payments firms are no different.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech