Payments

Disruption In Remittance, Survival Of The Savvy

Being savvy in the remittance industry is no longer limited to maintaining price competitiveness but has seen its horizon growing in many more dimensions. This industry has faced multiple issues in the past such as high transfer cost, limited money distribution methods, limited brand options, limited ways to deal with...

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Enabling Technologies

Can Beacons Enable Payments Or Not?

Bluetooth low energy-based beacons indeed mark the future of customer engagement. These low-power devices have been witnessing a large scale adoption in proximity marketing solutions where merchants are putting up beacons to send offers, promotions, coupons, etc. in the form of proximity messages. But stakeholders are looking beyond the proximity...

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BankTech

BBVA’s Ongoing Search For Disruptive Financial Service Start-ups

BBVA has announced the opening of its seventh global start-up competition, BBVA Open Talent 2015, which specializes in the financial technology sector or “FinTech.” The competition will focus on innovative start-ups that are transforming financial services or those that are related to e-commerce, user experience, big data, etc. BBVA will...

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BankTech

Banks Now Want To Be Part Of The E-Commerce Game

Banks have been closely watching the e-commerce sector evolve sitting at the fence. The only participation was with regard to processing payments (that too partially). With the growth in e-commerce sector at an all time high (especially in some regions), banks wanted a bigger pie of the transactions. So how...

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Blockchain

NASDAQ To Test Virtual Currency-Oriented Blockchain Technology

The US-based stock exchange, NASDAQ, is apparently testing out the blockchain technology for the NASDAQ private market. This private market is basically NASDAQ’s very own marketplace for pre-IPO trading. The blockchain technology is highly associated with Bitcoin, the popular virtual currency. This brings us to conclude that NASDAQ is indeed...

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Payments

Visa’s First Publicly Available Retail Spending Monitor Report

Visa recently announced its Retail Spending Monitor (RSM), a quarterly report that tracks retail spending patterns based on real time purchase data. The report highlights how Americans have modestly increased their spending in April, with growth across most major purchase categories. Retail spending in April was up 4.5% from the...

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BankTech

New Trend Of Payments Via Messenger Apps

We have discussed about banks adopting social media sites like Facebook and Twitter to transfer money. To take it a step further, money transfer service has been enabled through social messaging apps such as WhatsApp, WeChat, Snapchat, BlackBerry Messenger and others. Earlier, these messenger apps were used only to chat...

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