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Bharti Airtel applies for banking license

Bharti Airtel, India’s leading telecoms operator, has applied for a banking license, in a potential breakthrough for the country’s under-developed mobile-banking industry. The first telecoms group to declare its intention to enter formally the banking sector, Airtel hopes to upgrade its existing pre-paid payments service, Airtel Money, into what is known in India as a payments bank, which offers remittances… Continue reading >>

The future of payments: A European Commission view

“Everything changes but change itself. You cannot step twice into the same river, for other waters and yet others go flowing ever on,” observed Heraclitus of Ephesus (circa 535 – 475 before common era). This certainty is the live bait that provokes analysts to release imagination and engage in scenario building to explain how, in their view, the future could… Continue reading >>

Tinkoff Bank selects IRIS fraud prevention

Tinkoff Bank, Russia’s leading provider of online retail financial services and a large credit card issuer with 4.8 million cards issued, has selected IRIS Analytics’ fraud prevention solution. IRIS has been provided to Tinkoff Bank by Wincor Nixdorf, key partner of IRIS Analytics for worldwide sales, implementation and post-sales support. The Wincor Nixdorf Russia organisation was quick to see the… Continue reading >>

Google enable email money transfer

Google has enabled Send Money in Gmail, a money transfer payment service that will initially only be in the UK and the US. Originally revealed several years ago in the US, the Send Money in Gmail payment service combines the Google Wallet with the standard Gmail email system. The Send Money in Gmail feature allows Gmail users to receive and send… Continue reading >>

IT spending on the rise in North America

North American IT spending growth is rising steadily and is expected to be 4.5% higher in 2015. Growth will drop slightly in 2016 as IT spending by North American banks reaches US$64.8 billion, an increase of 4.2%.  In a report, Celent examines, analyses, and contrasts the IT spending patterns of US and Canadian banks. North American bank IT spending will grow… Continue reading >>

OpenWay launch WAY4 Host Card Emulation

OpenWay has developed WAY4 Host Card Emulation software  – supporting cloud technology specified by Visa and providing value-added financial services for customer attraction and engagement via mobile. WAY4 Host Card Emulation allows banks to issue virtual cards on a phone instantly. In this way a bank can make an existing card NFC-enabled on a smartphone, issue a mobile copy of a… Continue reading >>

Apple Pay nails US contactless payments

As Apple CEO Tim Cook announced record breaking profits, he understatedly reported that “Apple Pay has got off to a “strong start” since the contactless payment service launched last autumn”. What Mr. Cook meant to say is that Apple Pay makes up more than $2 out of every $3 spent on all purchases using contactless payment across the three major US card… Continue reading >>

Norwegian operators advance Strex mobile payments brand

Norway’s three leading operators ‒ Telenor, TeliaSonera and Tele2 – are to advance their Strex joint venture for mobile payments. Strex is now able to offer end users a single mobile wallet service with multiple funding and payment options. The Amdocs solution will consolidate the operators’ multiple SMS (Short Message Service) -based payment systems into one, enabling Strex to offer their users… Continue reading >>

If Apple were a country…

Firstly, let me be clear…this is not a payments story. It is very interesting though! Apple just reported the biggest quarter of net income earned by any public company ever, at least in nominal terms. It remains the world’s most valuable publicly traded company by a large margin. So naturally there are people who want to put these statistics into… Continue reading >>

mobile banking apps still a challenge

Understanding your customer’s mobile banking behaviour and what they want out of their digital experience and tools is key to any bank wanting to compete in the digital revolution, where the pace of change is so rapid. In February 2014, Nielsen confirmed that people use their mobile to access the web more than any other device, confirming that mobile really is… Continue reading >>