Mobile Payments Innovation
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Blockchain – A New Economic Model

Blockchain – A New Economic Model | Mobile Payments Innovation | Scoop.it
Almost a year ago, when I was reading about sharing economy and impact investing, I came across the term “collaborative capitalism”. I felt that the world was adjusting itself between capitalism at one end and communism at the other, and now blockchain technology has the potential to take it one step closer to
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I talked briefly about the potential impact of blockchain on the financial services industry at the FST Media conference in Auckland. There are many other use cases of blockchain that make it a viable economic model for a new way of doing business online with sharing of data sources in a decentralised 'internet of transactions'

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Apple Pay spreads into a new market

Apple Pay spreads into a new market | Mobile Payments Innovation | Scoop.it
Apple Pay also launched for Australian Amex cardholders last fall and subsequently expanded to include Visa and MasterCard customers with cards from the ANZ Bank. And since that expansion on April 28, interest in ANZ deposit and credit accounts has soared, reports the Sydney Morning Herald. This success has led other Australian banks to partner with the tech giant to deliver Apple Pay to its customers.
Faisal Omar's insight:
interesting article on banks taking on new customers because of ApplePay.
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Aussie bank launches Apple Pay

Aussie bank launches Apple Pay | Mobile Payments Innovation | Scoop.it
ANZ today became the first Australian bank to launch Apply Pay, allowing its five million customers to pay for goods with a swipe of their iPhone or Apple Watch.
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First bank to launch ApplePay in Australia
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Cash will die in 10 years, says The Co-op…but is it right? » PaymentEye

A new report by the supermarket chain, which has 2,800 stores and almost 12,000 contactless paypoints, is predicting that mobile payments will lead the
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By 2025, 65% of all transactions are predicted to be by mobile phone. That number is familiar because that’s exactly how many respondents currently said cash is their preferred method of paying. In ten years, mobile phones, will become the preferred payment method, with bank cards and cash becoming a thing of the past like cheque books.
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Are payments necessary?

Are payments necessary? | Mobile Payments Innovation | Scoop.it
For years, payments has been one of the hottest areas in fintech for several years, and everyone has been lining up to join the party. Now, hands free..
Faisal Omar's insight:
A nice write-up about why payments should be a no brainier process for everyone. "The best transaction is no transaction".
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INFOGRAPHIC: Nine years of M-Pesa revolution

INFOGRAPHIC: Nine years of M-Pesa revolution | Mobile Payments Innovation | Scoop.it
Kenya tops the globe with the highest number of adults holding a mobile money account at 58 per cent.
Faisal Omar's insight:
cool infographic about the 9 year growth and success story of M-Pesa
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Google kicks off a public pilot for Hands Free mobile payments

Google kicks off a public pilot for Hands Free mobile payments | Mobile Payments Innovation | Scoop.it
Heads up, Silicon Valley residents: the days of pulling out your credit card to pay for Big Macs are numbered. Google just announced that the pilot program for...
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How the Internet of Things is becoming the 'Internet of Commerce’

How the Internet of Things is becoming the 'Internet of Commerce’ | Mobile Payments Innovation | Scoop.it
This year, the maturation of mobile payment systems combined with the proliferation of IoT-capable devices will create a perfect storm of innovation.
Faisal Omar's insight:
imagine integrating POS technology right into any hardware. IoT evolution indeed.
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Solar Innovation Provides Cheap, Clean Energy to Kenya Residents

Solar Innovation Provides Cheap, Clean Energy to Kenya Residents | Mobile Payments Innovation | Scoop.it
M-Kopa Solar is providing clean energy to more than 300,000 homes across East Africa by allowing customers to 'pay-as-you-go' via their cell phones
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#mobile #payment #innovation from #Kenya. cheap, sustainable and green
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Value-added service, mPOS, contactless ecosystems – what are the payment predictions for 2016? (Infographic) » PaymentEye

Value-added service, mPOS, contactless ecosystems – what are the payment predictions for 2016? (Infographic) » PaymentEye | Mobile Payments Innovation | Scoop.it
In the first month, PaymentEye has explored several key payment trends.
Faisal Omar's insight:
we've seen these 'trends' for the last couple of years but is 2016 expected to be a tipping point?
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Koji Tachi's curator insight, April 16, 10:00 PM
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Three major payment trends in an advancing African market | BizTrends 2016

Three major payment trends in an advancing African market | BizTrends 2016 | Mobile Payments Innovation | Scoop.it
Rapidly advancing technology is not just changing the topography and demographics of East Africa - it is transforming the entire face of business, retail and financial development.
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How Social Media Is Shaping Financial Services

How Social Media Is Shaping Financial Services | Mobile Payments Innovation | Scoop.it
Social media is transforming banking relationships in very significant ways, from improving customer service to allowing users to send money to others via online platforms. New financial technology...
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’60 Minutes’ Highlights How Mobile Payment Service M-Pesa Has Changed Life In Kenya

’60 Minutes’ Highlights How Mobile Payment Service M-Pesa Has Changed Life In Kenya | Mobile Payments Innovation | Scoop.it
Here's how mobile payment service M-Pesa is changing life in Kenya.
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Melbourne startup Envelope Registry is like a crowdfunding platform where wedding guests can gift couples cash

Melbourne startup Envelope Registry is like a crowdfunding platform where wedding guests can gift couples cash | Mobile Payments Innovation | Scoop.it
Weddings are big business; according to IBIS World, the US wedding industry alone is worth $60 billion a year. As the costs run up for both the couple getting married and their guests, so to do the planning and logistical nightmares. Envelope...

Via jean-luc scherer
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No box gifts please - there is an app for that!

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Apple aura trumps banking game | smh.com.au

Apple aura trumps banking game | smh.com.au | Mobile Payments Innovation | Scoop.it
What difference does it make if you use your phone or smartwatch to pay or your card? Not much.
Faisal Omar's insight:
With Apple Pay, Android pay launching this year in Australia, it will be interesting to watch the numbers as far as usage patterns given we are a advanced contactless market. Will the consumer benefit from this technology?
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Google, Ford, and Uber just created a giant lobbying group for self-driving cars

Google, Ford, and Uber just created a giant lobbying group for self-driving cars | Mobile Payments Innovation | Scoop.it
A who's-who of carmakers, technology companies, and ride-sharing startups are joining forces to pressure the federal government on the issue of self-driving cars. Ford, Google, Uber, Lyft
Faisal Omar's insight:
car ownership as we know it about to get 'disrupted'.
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Weekly Briefing #20: PwC Reveals Juicy Findings in its New Fintech Survey.

Weekly Briefing #20: PwC Reveals Juicy Findings in its New Fintech Survey. | Mobile Payments Innovation | Scoop.it
This week, we look at PwC’s fintech findings, regulatory sirens that should be alarming fintech and Investopedia’s latest offering.
Faisal Omar's insight:
good read after the holidays. fintech findings from PWC
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Square launches payments in Australia, its first country expansion in nearly three years

Square launches payments in Australia, its first country expansion in nearly three years | Mobile Payments Innovation | Scoop.it
It's been almost two years since Square expanded its mobile payments service into a new country -- it most recently hit Japan, its first foray outside of..
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How Mobile Payments Reshape Lifestyles

How Mobile Payments Reshape Lifestyles | Mobile Payments Innovation | Scoop.it
China Circuit columnist Li Yuan writes that one family’s mobile-payment practices reflect how technology is changing money and its use in China.
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Apple Pay Most Sought-After Mobile Payment Service By Retailers

Apple Pay Most Sought-After Mobile Payment Service By Retailers | Mobile Payments Innovation | Scoop.it
Apple Pay is the most-requested mobile digital payment service among retailers, according to a recent survey.
Faisal Omar's insight:
it would be good to have actual numbers rather than forecasts. Remember Apple also carries a big marketing budget so the name will be out there without merchants really understanding the differences.
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5 Megatrends driving the second wave of inclusive digital innovation

5 Megatrends driving the second wave of inclusive digital innovation | Mobile Payments Innovation | Scoop.it

Technological innovations, particularly in digital and mobile platforms, have boosted inclusive growth in developing African markets over the past several years.

Faisal Omar's insight:

Just having come back from Kenya, there is renewed demand for mobile based service delivery and IoT, I believe, remains highly untapped for the African continent.  There is a huge opportunity especially as Internet proliferation continues at a rapid pace.

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As Global Remittances Surge, Fintechs Aim to Remove the Friction

As Global Remittances Surge, Fintechs Aim to Remove the Friction | Mobile Payments Innovation | Scoop.it
Cross-border payments, even small ones, take days to clear, cost 5% to 10% of the payment amount, and can be baffling to the consumer. Zenbanx, TransferWise and Ripple and other startups are trying to change this.
Faisal Omar's insight:
Fintech and remittance are 2 areas that need to converge at some point.
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National Australia Bank launches HCE mobile payments • NFC World+

National Australia Bank launches HCE mobile payments • NFC World+ | Mobile Payments Innovation | Scoop.it
Customers of National Australia Bank (NAB) can now make host card emulation (HCE) based mobile payments at any contactless terminal using NAB Pay.
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first bank to use VTS in Australia
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Android Pay and Apple Pay announce big new initiatives

Android Pay and Apple Pay announce big new initiatives | Mobile Payments Innovation | Scoop.it
Android Pay and Apple Pay announce big new initiatives
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loyalty and points are a big incentive for repeated use of mobile payments.
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Get Ready... Gen Z is About to Rock the Banking Industry

Get Ready... Gen Z is About to Rock the Banking Industry | Mobile Payments Innovation | Scoop.it
Just as financial marketers started wrapping their heads around Millennials, a new wave of consumers is poised to reshape banking: Gen Z.
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Gen Z vs. millennials and their take on how mobile and online banking should be.
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Breakthrough Technologies Attracting The Biggest Investments

Breakthrough Technologies Attracting The Biggest Investments | Mobile Payments Innovation | Scoop.it
Technologies Attracting The Biggest Investments Venture capitalists spend their working hours searching for startups, industries and ideas that have great potential to scale up, disrupt and change the world as we know it.

Via jean-luc scherer
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