Tag: digital payments | Page 6

The QR Standard is Going Global and Indonesia is Next in Line

As the global payments ecosystem continues its momentum towards a mass digital infrastructure, QR code standardization is one of the new enhancements countries are looking at to increase their digital footprint.

Game On for Worldpay and Paysafe

The two brands are joining forces to enhance the world of digital gaming. Or, more specifically, to deliver a seamless payments experience for iGaming operators and consumers alike.

Mastercard’s Zahir Khoja on the Trends “Working in Our Favor”

According to Mastercard’s Zahir Khoja, 85% of transactions globally are still made in cash, representing an enormous opportunity for payments providers to grow digital acceptance. Presenting at PF WORLD 2018, Khoja told the audience that, while the number of cash transactions looms large, market trends are helping providers move many of those merchants toward digital payments with a focus on the experience it provides for consumers.

PaymentFacilitator Launching New India Site

As we’ve often noted in PaymentFacilitator, India is on track to become a global leader in digital payments.
So, to better enable us to take our readers where the opportunity is, we’re launching a new sister site: PaymentFacilitator.in.

India and Singapore Collaborating to Expand FinTech in Region

The government of India – known for its support of digital payments – is expanding the country’s electronic payment platforms beyond its borders.

WeTravel on a Trek to Easier Payments for Travel Businesses

For organizers of group travel, payments platforms that were built for selling products just don’t always cut it. Seeing the opportunity to turn manual processes into something much simpler, the founders of WeTravel have created an online payments system that serves the specific needs of travel organizers and small and medium-sized B2B travel companies.

Asia’s Drive for Financial Inclusion Means Opportunity for PFs

It’s hard to read the global news about payments without continually seeing something new happening in Asia. Companies like Paytm and Grab are expanding rapidly, enabling payments in innovative ways for small and micromerchants across the region.

Visa: 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.

Meet The New RBI Boss; Same As The Old Boss?

The change in governors of the Reserve Bank of India is no small news, as India is well known for its governmental help with the furtherance of technology in general and fintech in particular.

Under the outgoing governor, Raghuram Rajan, RBI decided to give 11 companies licenses to set up payment banks for the underserved population of the country and this is expected to give rise to an increase in the use of digital banks and wallets. RBI also recently put together a working group of RBI, banking and payments executives to study regulatory issues related to digital banking and fintech.

India Is Digital Payments Dynamite

India is set to explode in digital payments based on several key metrics: population, number of mobile phone users, Internet users, and smartphone users.

The Boston Consulting Group and Google recently collaborated on a study named Digital Payments 2020: The Making of A $500 Billion Ecosystem In India, painting a bright future in digital payments for several reasons: technology; 10-fold growth in merchant acceptance; rise of data-driven consumer benefits; consolidation leading to simplification; a unified payments interface (UPI) stokes widespread adoption of digital payments; national ID system eases KYC; and non-cash transaction volume will continue to accelerate, surpassing cash transactions by 2023.