Indian economy is bleeding….not because it has financial problems, but because its economy is heavily dependent on cash. The electronic mode of payment for majority of transactions is still a distant reality. Government of India spends billions of rupees every year on printing and managing currencies and coins. While western countries have already adopted eMoney. → Read More: India towards cashless society….When ? How ?
Airtel Mobile money has been recently launched in India. This is one of the pioneer movement by telecom giant. However, this service is different from mobile money payment system launched in other parts of the World. While this post discusses some of the features of this service, it also presents few shortcomings, which may not be beneficial for promoters and subscribers in the long run. → Read More: Airtel Mobile Money : Will it be successful in India ?
Paypal is a leader in card related acceptance system…..They have recently launched a device that can be attached to mobile phone and you can do card transactions….Just similar to what Square is offering….difference is that while Paypal device is blue in color and triangle in shape, square is white in color and square in shape. You can get more details of this device of Paypal from…. → Read More: Mobile card readers : Paypal launches its device, finally…
I had started my blog sometimes in the month of July, 2010. It was a long and interesting journey. When I had started this journey, I had enthusiasm, excitement and an intense desire to reach to unknown readers from my own space. That was when I → Read More: About Advertisements on This Site
HSBC and MakeMyTrip’s travel credit cards were recently launched by Farhan Akhtar of Bollywood fame. This card has been advertised all over print media and it is a good time to explore the product and its features for the benefit of prospective users. While the card seems to be a good and balanced product, it seems that both the signature and platinum variants of card has been designed for the affluent people of the society.
The big question for chip cards is….Which one is more secure and at the same time cheaper : Contact or Contact less Card? Like all good questions, the question itself is short, but the answer could be complex…and debatable too when most of the markets are migrating to CHIP based acceptance.
If we talk about Mobile Money, we can not start without M-Pesa – the pioneer of mobile money in Africa and role model for entire world. This pioneer service started by Safaricom in 2007 has created thousands of job in Kenya and brought millions of unbanked Kenyans into the mainstream of country’s financial system. This post presents the detail of factors which were responsible for the M-pesa to succeed and attract customers from all walks of life. → Read More: Why M-Pesa is so much successful in Kenya ?
Mobile Money Transfer(MMT) is the fastest, easiest and most affordable way of sending money from one place to another place. Dealer or Agent Network is the backbone of a successful Mobile Money business. M-Pesa business model of Kenya has only succeeded due to its powerful network of dealers. In other emerging markets also, Mobile money has made its presence due to strong presence of dealer network.
Not many years ago, there was a boom in banking industry when Banks had started installing ATM centres in every nook and corner of the country. A large number of ATMs have always presented a threat to Banks for ATM related fraud and stealing of money from ATM. We have many cases in major cities, when thieves have successfully broke into safe vault of cash and stole money. This post presents such challenges to Banks by discussing security of these ATM centres.
Did you have any experience in the past that your credit card application was rejected and you were wondering about the reason? While this phenomenon is not common, this mainly happens due to complex nature of automated system of credit score calculation. There are some important parameters based on which applicant’s credit score is calculated.
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