Is there a role for the banks in m-banking?
M-banking is hot, but not in the high-tech sense. Financial services via the mobile phone specifically get attention in emerging economies, where there is a high penetration of mobile phone subscribers and low bankarization. Although banks in these economies could benefit enormously from this potential, it seems that the mobile operators have the strongest position: higher market coverage, control over the mobile device and less competition. So how can the banks seize the potential and benefit from this movement?
> Read moreThe introduction of a new e-billing solution: 8 lessons learned
Electronic billing keeps drawing attention in the media, however the number of widespread solutions introduced for B2C billing are still limited. When we look at solutions that provide bill presentment <em>and</em> payment, the number is even less. Both business and consumer seem to be reluctant in adapting to this new form of collection.
> Read morePaypal Service Directive?
Paypal recently announced to open up their payments platform to third-party developers. TechCrunch, that was the first to anounce this news, mentions some examples for possible applications that may arise with the new Paypal API called Adaptive Payments. An interesting example is the “chained payment” which enables a primary receiver to immediately pay out part of the payment to secondary recipients. The website also mentions that with this move Paypal wants to compete with Amazon’s Flexible Payment Service (FPS) that is supposed to provide almost the same functionality
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