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Tuesday, December 11, 2018
Payments & Transfers

Payments & Transfers

The transformative influence of technology on payments in Asia

If there is anything to be gleamed with the early 2010s is that emerging technologies can have a significant role in disrupting industries around the world. For instance, while some may attribute the financial crisis of 2008/2009 as the single most important catalyst for...

WhatsApp plans Indian digital payments

WhatsApp Payments Service India
Facebook is planning a digital payments service for WhatsApp in India, the app's largest market. A recently posted job listing for a WhatsApp "digital transaction lead" for India reveals that the messaging app plans to work with local banks and eventually "help scale global support...

A new way to pay: the technology giving banks a run for their money

A new way to pay
Saving money requires constant vigilance, someone always on your shoulder, nagging you not to splash the cash. And the one thing most people have with them all the time is their smartphone. New services, from banks to exercise studios, are tapping into technology to disrupt...

Gift Cards As Currency – How Fintech Is Changing The Way We Give

Gift Cards As Currency - How Fintech Is Changing The Way We Give
Giving and receiving unwanted gifts is an experience all too familiar for most of us. In fact, Americans spend a whopping $9.5 billion on unwanted gifts. Of course, returning a gift to the giver is not an option, unless you want to effectively severe ties...

Firm introduces mobile app to aid financial inclusion in Nigeria

Firm introduces mobile app to aid financial inclusion in Nigeria
In its drive to promote financial inclusion, SystemSpecs, owner of Remita, has unveiled the Beta version of its much anticipated Remita mobile application, to enable individuals view multiple bank balances on one screen, make payments and other key capabilities that allow users stay in...

Samsung SDS, Blocko Partner over Blockchain For Digital Money, Payments & Identity

Samsung SDS
Samsung SDS, the IT subsidiary that provides technology for electronics giant Samsung has signed to partner with Korean blockchain startup Blocko. The joint venture, to be operational both domestic in Korea and beyond its borders will be focused on the development of blockchain applications. Announced...

Samsung Pay makes its India debut

Samsung Pay makes its India debut
Digital payments app, Samsung Pay, has been launched in India. Access is limited to those who signed up for the early access programme and available only on its mid-segment and flagship Samsung Galaxy devices. The app uses magnetic secure transmission (MST) and near-field communication (NFC)...

Why Paytm, India’s biggest fintech startup, opened its innovation lab in Canada

Why Paytm, India’s biggest fintech startup, opened its innovation lab in Canada
The floor is shaking in this sun-drenched, airy downtown Toronto office. Blame that on the two young men, one in shorts and a soccer jersey, thudding around the ping-pong table just off the centre of the room. About 50 engineers, developers and data scientists—one of...

Now you can send money internationally through Facebook Messenger

Sending money on Facebook is finally international. A new bot released on Facebook Messenger on Sunday lets users send money to and from the United States, United Kingdom, Canada, Australia or Europe. Powered by TransferWise, the bot completes money transfers and guides users through the process. TransferWise customers on the company's...

Finance and Technology  – The Coming Tsunami

Fintech Tsunami
Jamie Dimon of JP Morgan famously remarked to his wall street colleagues “Silicon Valley is coming to eat our lunch”. The anxiousness of disruption (by startups) at the corridor of large global banks is palpable. Different banks are reacting to this is in different...
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