India’s emergence as a digital payment powerhouse is an unlikely story. Until recently, cash accounted for 95% of transactions, 85% of workers were paid in cash, and 70% of online shoppers chose ‘cash on delivery’ as their preferred payment option.[1] Yet, the Indian mobile wallet market is set to grow by 150% over the next…
Merchants and FIs must deliver both security and user experience in m-commerce, says Elina Mattila, Executive Director at Mobey Forum. With m-commerce transactions accounting for an ever-increasing share of online purchases, delivering the seamless experience that consumers demand remains the priority for merchants. The increasing frequency, sophistication and impact of card-not-present fraud, however, is leading…
Scaling up: George, Erste Group’s PSD2-ready banking platform, expands, approaching 2 million users Officially launches in Slovakia today; next up: the Czech Republic and Romania Plan to expand to all 16 million Erste customers in the group’s seven markets by end of 2018 PSD2 to play to George’s strength as a continuously evolving open banking…
Open Banking is here! 2018 will see the introduction of laws across the EU that will formally endorse the Open Banking concepts that have been slowly emerging over the past decade. An exciting period of change in payments, banking and indeed the wider financial services ecosystem awaits us. Open Banking means new opportunities for banks both in…