We will soon live in a world without payments. As retailers integrate more of the financial transaction into their trade processes, the more we live in a world where payments become increasingly irrelevant. The ability to walk into a coffee shop and get that cappuccino without scrambling for the change or haling a taxi and…
Open an industry publication these days and you will find articles, reports and comments lamenting the "SEPA end-date" of February 2014. In just a few months' time massive changes will take place in the payments industry in Europe, impacting banks, corporates, clearing houses and consumers. The Single Euro Payments Area project (SEPA for short) will…
It’s getting crowded out there in the mobile payments space. After years of inactivity, everyone’s woken up to the opportunities out there, not the least PayPal. PayPal did nothing in mobile through the 2000s, and I worried they were missing a huge opportunity to grow their business. In fact, being close to the UK PayPal…
It’s getting crowded out there in the mobile payments space. After years of inactivity, everyone’s woken up to the opportunities out there, not the least PayPal. PayPal did nothing in mobile through the 2000s, and I worried they were missing a huge opportunity to grow their business. In fact, being close to the UK PayPal…
I was listening to a futurist talking about our planet, its growth, its overpopulation, the challenge of feeding the planet, sustainability and more, and in the middle of all of this he said that the future would have no money. No money. Zero. Nada. Nowt. A future without money? You must be joking. I mean…
I was listening to a futurist talking about our planet, its growth, its overpopulation, the challenge of feeding the planet, sustainability and more, and in the middle of all of this he said that the future would have no money. No money. Zero. Nada. Nowt. A future without money? You must be joking. I mean…
The three blog entries on this subject so far: The African bank crisis and remittances More on Africa, Somalia, remittances, Barclays and HSBC Banks should not be political pawns has stirred up a lot of interest. In particular, Mondata, an American consulting firm on mobile finance, has written a fascinating insight on the subject including…
I received an email on my recent blogs about remittances and Somalia from one reader, Knut Flottorp, and thought it worth posting on the blog to add to the debate. The banks will have problems with Somalia no matter what they do, because the so called government is based upon the mandate of foreigners, including the…
I just got a copy of the Payments Council’s UK Payments Markets 2013 Report, and it makes fascinating reading about a developed economy’s changing payments habits. Here are the headlines: Consumer card use will rise by 75% from nearly 10 billion payments in 2012 to nearly 17 billion in 2022, driven primarily by increased debit…
I just got a copy of the Payments Council’s UK Payments Markets 2013 Report, and it makes fascinating reading about a developed economy’s changing payments habits. Here are the headlines: Consumer card use will rise by 75% from nearly 10 billion payments in 2012 to nearly 17 billion in 2022, driven primarily by increased debit…
