By Alex Rampell for Techcrunch.com
The “wallet” in the modern sense of “flat case for holding paper currency” dates back almost 200 years. The word itself goes back 700 years, and the concept (minus paper currency) for millennia. (more…)
digital money
Tag Archive
A card-carrying fan of contactless, I’m now contactless-less – and it’s not fun
By Hannah Jane Parkinson for the Guardian
Here is my problem. I have lost my debit card. This might seem like a minor hindrance. I haven’t, say, lost a limb. But I have lost the means to go about my everyday life as I usually would. (more…)
Big banks shift fintech strategy
By Jon Marino for CNBC
Wall Street is looking for M&A or partners, and fewer investments, as fintech funding grows. (more…)
India’s Audacious Plan to Bring Digital Banking to 1.2 Billion People
By Saritha Rai for Bloomberg Business
A biometrics-backed ID system will make it easier for everyone—from rural villagers to urban dwellers—to ditch cash.
Are payments necessary?
By Christoffer O. Hernæs for techcrunch.com
For years, payments has been one of the hottest areas in fintech, and everyone has been lining up to join the party. Now, hands-free innovations are paving the way for a new generation of payment innovations. (more…)
Nearly 75% US companies targets of payment fraud in 2015, says AFP survey
By Sarah Gill for Paymenteye
The threat of payments fraud is on the rise and while continued reliance on cheques makes businesses vulnerable to attack, business emails are getting increasingly popular for fraudsters.
Samsung Pay launches in China and Singapore
SINGAPORE — Samsung has announced a spate of mobile payments services in Asia, with the most fanfare given to its tap-to-pay Samsung Pay service opening in China.
Cashless society and Fintech hubs
The world dreams of a cashless society. And as it acquires a multitude of non-cash payment options, this dream only comes closer. The progress of economies varies, though. In Hong Kong, one can purchase tickets or eat in fast food outlets using the Octopus value card. In Sweden, the homeless no longer ask passers-by for loose change; they have card readers instead.
Read our full research “Money of the Future”. Download PDF (20MB)
(more…)
E-Wallets: Game of giants
By 2019, eMarketer estimates that the total value of transactions made by tapping a phone on an in-store terminal will reach $210 billion, up from $8.7 billion in 2015. For banks and retailers, that presents an opportunity to take on Apple Pay and Google’s Android Pay – and maybe save on transaction fees to boot.
Read our full research “Money of the Future”. Download PDF (20MB) (more…)
Online-Remittances
The World Bank estimates that by 2016 there will be more than $700 billion sent overseas between family and friends, with $646 billion sent in 2015.
Read our full research “Money of the Future”. Download PDF (20MB) (more…)
The broken world of mobile payments and how to fix it
By John Rampton for techcrunch.com
It’s being predicted that by the end of this year, mobile payment transactions in the U.S. will grow 210 percent. Despite this impressive gain, it turns out that not everyone is taking advantage of mobile payments. (more…)
Bitcoin has failed. Bitcoin is the future. Bitcoin cannot be regulated. Bitcoin needs to be regulated.
By PRIMAVERA DE FILIPPI for Wired Magazine
The debate over what will happen to the decentralized virtual currency has reached a cacophonous point, and now lawmakers around the world are wondering whether the time has finally come to regulate this emerging technology. (more…)
China’s mobile payment revolution is going to Africa
By Claire van den Heever for The World Post, a partnership between Huffington Post and Berggruen Institute,
CAPE TOWN, South Africa — With the launch of Apple Pay in mainland China on Feb. 18, Apple has become the first foreign player to secure a place at the table for China’s enormous mobile payment market. The company will be battling for market share with e-commerce giant Alibaba’s Alipay and Tencent’s WeChat Wallet, which dominate China’s mobile payment arena. (more…)
The top 10 trends in banking innovation by Chris Skinner
By Chris Skinner for his blog,
We had two Financial Services Club meetings on the same night this week: one in London where Chief Executive of the Payments Council Maurice Cleaves talked about the landscape future for UK payments markets; and one in Warsaw where Lukas Dzuroska presented the top ten trends tracked in research by EFMA over the past year. I was in the Polish meeting, as it was also the first launch meeting for ValueWeb, and was intrigued to hear to the EFMA research. (more…)
Digital money, negative rates as Gosplan 2.0
By Izabella Kaminska for Finantial Times,
UBS’s Paul Donovan offered some thoughts earlier this week on the unintended consequences of negative rate regimes, which — whilst interesting — stimulated a different thought in us related to data. (more…)
Mobile payment transactions soar in US and UK
By Laura Noonan for Financial times
Mobile payment apps are soaring in popularity in the UK and US, but the world’s least developed countries are making almost no progress in the move to eliminate cash and cheque transactions that cost them billions of dollars annually. (more…)
