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How money transfer will look like in 5 years?

How money transfer will look like in 5 years? | Money & Payments | Scoop.it
How money transfer will look like in five years time. A mid-level assessment.
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The Sandstorm that is blanketing the Money Services Business

The Sandstorm that is blanketing the Money Services Business | Money & Payments | Scoop.it
Why Banks around the world are closing down bank accounts of MSBs and Money Transfer companies.
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Remittance Companies at a glance

Remittance Companies at a glance | Money & Payments | Scoop.it
 

Here is something we made the other day. Remittance players at a glance.
The infographic posted can be downloaded from here.
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The Lure of Remittances for Bitcoin Startups — Online & Mobile Payments — Medium

The Lure of Remittances for Bitcoin Startups - Online & Mobile Payments - Medium
The coming of age of bitcoin remittances, some thoughtful insights.
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How do Bitcoin Remittances work?

How do Bitcoin Remittances work? | Money & Payments | Scoop.it
One question often asked is how do Bitcoin remittances work. Rebittance as
it is more affectionately called, enable near real-time value transfer
between two money transfer operators. Whether or not this is legal, is a
separate debate and you can read about it here (How Legal is Bitcoin
Remittance).

The following slide deck explains how Bitcoin Remittances work. 

Feel free to share this work (as long as you give credit).

You can download the slide deck in whichever version you prefer:
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How Do Banks Transfer Money?

How Do Banks Transfer Money? | Money & Payments | Scoop.it
How do banks transfer money?

A question asked of me often is How do banks transfer money? How is money
transferred from one country to another? I mean how does it work? How does
my account get debited of $100 and somewhere around the world someone’s
account get credited for $100. 

Another parallel question is, How does $100 Million transfer? I mean, say
if America is giving someone loan, how do the two countries transfer $100
Million? Or even $10 Billion? How does this work? How can the w
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Mind Map of Money

Mind Map of Money | Money & Payments | Scoop.it
Recently, I came across this wonderful period table of content marketing,
which I found to be really beautifully done.

I wondered if the same could be done for money or payments. My partner in
crime Rabab Khan and I decided to explore it. The more I researched, the
more topics I added to the list. Suffice to say, a condensed periodic table
like the one above, may not be possible with all the topic heads.

Rabab insisted I mind map it all out, just to be more clear. Turns out, the
mind map
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Remittance: All That Glitters Is Not Gold. (Silver Maybe) |

Remittance: All That Glitters Is Not Gold. (Silver Maybe) | | Money & Payments | Scoop.it
In remittance, smaller money transmitters are finding it terribly difficult to compete today.
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New York Officials Jockey as Bank Settlements Create Windfall

New York Officials Jockey as Bank Settlements Create Windfall | Money & Payments | Scoop.it
New York State is luxuriating in a budget surplus, courtesy of a few foreign banks.
Faisal Khan's insight:

Lets the games begin! NY Administration heads wrestle for money!

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Why Micropayments are not happening? Blame your banker? | FAISAL KHAN

Why Micropayments are not happening? Blame your banker? | FAISAL KHAN | Money & Payments | Scoop.it
Why aren't micropayments happening today? Is your banker to blame?
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Take away thoughts from Mobile Money & Digital Payments Conference | LinkedIn

Take away thoughts from Mobile Money & Digital Payments Conference | LinkedIn | Money & Payments | Scoop.it
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Multichannel Customer Engagement = Stellar Customer Service | FAISAL KHAN

Multichannel Customer Engagement = Stellar Customer Service | FAISAL KHAN | Money & Payments | Scoop.it
How multi-channel customer engagement yields to stellar customer support for banking institutions.
Faisal Khan's insight:

How Multichannel Customer Engagement yields to Stellar Customer Service yields for Banking institutions.

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FinCEN Fines Ripple Labs for Bank Secrecy Act Violations

FinCEN Fines Ripple Labs for Bank Secrecy Act Violations | Money & Payments | Scoop.it
FinCEN has fined digital currency startup Ripple Labs as part of its first civil enforcement action against an industry firm.
Faisal Khan's insight:

Uh-Oh! #Ripple 

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Microsoft gets its second money transmitter license

Microsoft gets its second money transmitter license | Money & Payments | Scoop.it
A few days ago I broke the news of Microsoft foraying into the world of
payments, with the grant of their first license from State of Idaho. Well
it seems, Microsoft's just been awarded their second license in West
Virginia (see image below)

Click to enlarge
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Microsoft forays into the world of Payments. Gets their 1st Money Transmitter License

Microsoft forays into the world of Payments. Gets their 1st Money Transmitter License | Money & Payments | Scoop.it
With the grant of the Idaho Money Transmitter License, Microsoft has formally entered into the world of payments.

See also

Microsoft preparing payment service to compete with Apple Pay
Windows 10 to bring HCE support (tap to pay). Demo video. Details more NFC changes
Microsoft's Response to Apply Pay & Samsung Pay #HCE
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Fast, Faster, Fastest Payments.

Fast, Faster, Fastest Payments. | Money & Payments | Scoop.it
In today’s era, there is immense business and consumer pressure on banks and payment processors to expedite payments. Over the past couple of years, we are seeing many geographies transitioning fro...
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Periodic Table of Payments & Samsung's Attack on Apple Pay

Around the Coin podcast

We make this podcast out of passion. If you enjoy listening, please make a donation of Bitcoin. If we ever make more than we spend, we will donate it to charity.

Our Bitcoin
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Pakistan Fintech Start-up Challenge: A case for building Pakistan’s equivalent of PayPal.

Pakistan Fintech Start-up Challenge: A case for building Pakistan’s equivalent of PayPal. | Money & Payments | Scoop.it
 A CONFESSION

Let me start with a painful admission: I was wrong.

My obtuse stance on developing a Pakistani equivalent of PayPal is now
coming back to haunt me. For years I have been advocating that PayPal
should come to Pakistan.  For 11 straight years I wrote my annual letter,
aptly titled: An Open Letter to the President of PayPal. The result? No
cigars.

Every time I posted my letter, many people would say, why can’t we develop
our own PayPal?

I was vehemently opposed to the idea of
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Easier Transmitter Partnerships Should be Encouraged, Not Hindered

Easier Transmitter Partnerships Should be Encouraged, Not Hindered | Money & Payments | Scoop.it
State money transmitter licensing laws are among the most important rules that address the dangers posed by payments, especially in the non-bank payments area.
Faisal Khan's insight:

Very well written article on the tug-of-war between Regulators and MTL Holders/Authorized Delegates. Thank you to @David Landsman for sharing this.

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MasterCard Seeks 'Level Playing Field' for Bitcoin Regulation

MasterCard Seeks 'Level Playing Field' for Bitcoin Regulation | Money & Payments | Scoop.it
MasterCard has spoken out against bitcoin's perceived risks and called for a regulatory "level playing field" for payments systems including bitcoin.
Faisal Khan's insight:

MasterCard needs vodka. Hands be shaking.

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Faisal Khan's answer to What say do banks have in the creation of ACH networks by startups and corporations? - Quora

Faisal Khan's answer to What say do banks have in the creation of ACH networks by startups and corporations? - Quora | Money & Payments | Scoop.it
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The hidden force in global economics: sending money home

The hidden force in global economics: sending money home | Money & Payments | Scoop.it
In 2013, international migrants sent $413 billion home to families and friends — three times more than the total of global foreign aid (about $135 billion). This money, known as remittances, makes a significant difference in the lives of those receiving it and plays a major role in the economies of many countries. Economist Dilip Ratha describes the promise of these “dollars wrapped with love” and analyzes how they are stifled by practical and regulatory obstacles.
Faisal Khan's insight:

Beautiful and worth watching TED Talk by Dilip Ratha at TED Global. #remittances #moneytransfer 

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The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare

The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare | Money & Payments | Scoop.it
The $9 Billion Witness: Meet JPMorgan Chase's Worst Nightmare
Faisal Khan's insight:

Now THIS is worth reading. Brave woman! #respect

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