Global
New Partnership for Square, Online Shopping with Venmo: News Roundup
PayPal makes headlines with Venmo and Square partners with SAP, while PPRO Group comes to Atlanta and Apple looks to India. Here’s your weekly news roundup.
Read MoreVisa: Reducing Cash Use Could Yield $470 Billion in Annual Benefits for Cities
Visa makes an economic argument for embracing digital payments and reducing the use of cash in a new report, which estimates that electronic payments adoption could provide a net benefit of $470 billion (USD) per year across 100 cities.
Read MorePFs Help Remove Roadblocks on Way to Financial Inclusion
In a report published recently, Mastercard examines the barriers to financial inclusion in emerging markets and identifies ways forward to enable broader electronic payments acceptance. Payment facilitators are well positioned to help drive this effort.
Read MorePFs Helping Google Build Acceptance of its Mobile Payments Solution in India
When you hear about digital payments in India, you often hear about leading payment facilitator Paytm. But Paytm is not the only PF bringing electronic payments to businesses in India.
Read MoreSingapore Strikes Blow in “War on Cash”
The drive among payments companies, banks, and governments to displace cash continues. And for many, the concept of using QR codes holds a great deal of promise.
Relatively easy to use and implement, the two-dimensional codes are more attractive to small and micro-merchants – where cash still reigns in many cases.
But are they being accepted by users?
Read MoreSuper Sloppy Security Gushes Aadhaar PII
In many respects, India’s 9-year-old Aadhaar national ID system is a global model for simplifying payments, banking and payroll operations. It was designed to be a comprehensive database allowing easy access to bank accounts and other payments mechanisms. As a concept, it worked brilliantly.
But according to data from a report from the Centre For Internet and Society, it also serves as a world-class example of security recklessness, with methods so sloppy that they could have exposed sensitive data about almost a quarter of a billion Indian citizens.
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