Digital Payments

Jan
12

With TravelersBox, turn foreign change at airports into digital currency and iTunes credit

It’s a dilemma that travelers have faced for decades: You’re heading home from a foreign country with a handful or two of spare change. It’s not enough to exchange or buy something at the airport, so what do you do with it? TravelersBox hopes to answer that question. The company has kiosks placed in 10 […]

By Reposted by International FinTech | Currency . FinTech . Payments
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Jan
09

Cards, ATMs, POS will be redundant by 2020 in India: NITI Aayog

Amid the big push being given to digital transactions post-demonetisation, Niti Aayog CEO Amitabh Kant today said cards, ATMs and POS machines would become redundant in the country by 2020. “….India is in the midst of huge huge disruption in the world of both financial technology and in terms of social innovation (there is) huge […]

By Reposted by International FinTech | Banking . Currency . FinTech . Payments
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Jan
09

The world is on the brink of having its first ever entirely cashless day

by Sebastian Siemiatkowski – CEO of Klarna How soon will we reach the first cashless day, when all your purchases will be made without a note or coin changing hands? In Sweden, it’s any day now. In 2010, 40 per cent of Swedish retail transactions were made using cash; by 2014 it was down to […]

By Reposted by International FinTech | Banking . Currency . FinTech . Payments
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Dec
21

As India braces for digital payments future, how secure are banks from cyber attacks?

As the government presses ahead with a cash to less cash to cashless economy, the success of the transition will depend on how the battle between bankers and hackers plays out. Bankers must upgrade and fortify their cyber defences as hackers attempt to pinch funds from banks or steal credit/debit card details of retail customers […]

By Reposted by International FinTech | Banking . FinTech . Payments
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Dec
19

Blockchain: The Tech at the Heart of the Future of Finance

If you want to talk about a big trend that began taking shape in 2016, look no further than the state of cash — the pace at which currencies across the globe were challenged or devalued accelerated in the past year. The stage is now set for even greater momentum: In 2017, there’ll be a […]

By Reposted by International FinTech | Bitcoin . Blockchain . Currency . FinTech
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Dec
15

China’s online banks know not to shake things up

In financial services, the label “transformative” often fades to “disappointing”. Would-be disrupters, ranging from peer-to-peer lenders in the west to China’s new online banks, risk co-option by incumbents looking for new sales outlets. A particular challenge for Chinese challengers is that the authorities may prevent them making too many waves. China’s banking regulator has unveiled […]

By Reposted by International FinTech | Banking . FinTech . Peer-to-Peer
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Dec
15

India’s cash shortage leads to huge boost in e-payments

Indian Prime Minister Narendra Modi unceremoniously killed off the country’s 500 and 1,000 rupee notes last month, but a lucrative e-payment phoenix is rising out of those ashes. Converting to around $7 and $15 respectively, the 500 and 1,000 rupee notes represented 86 percent of the currency used in India. New notes will be offered […]

By Reposted by International FinTech | FinTech . Payments
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Dec
12

Blockchain lures central banks as Danes consider minting e-krone

There’s a growing number of central banks questioning the point of printing paper money. In Denmark, the wardens of cash are now looking into producing a virtual currency instead, which they predict will make crime harder and oversight easier. The Danes aren’t alone. Britain and Sweden are blazing a trail in Europe. Singapore and Canada […]

By Reposted by International FinTech | Blockchain . Currency . FinTech
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