Interoperability, is roughly defined as: …is the ability of a system or a product to work with other systems or products without special effort on the part of the customer. There isn’t a payments conference where this word interoperability is not spoken of. The utopian dream is to have a payment system where anyone can send …
Bitcoin Infographic Here is a brilliant infographic as published by Coupofy.com (see below). I had a chance to ask one of the cofounders of Coupofy Georgi Georgiev some questions as to where Bitcoin may be heading. The infographic says it has been created to show the shift of bitcoin as an investment commodity to everyday use. Why do …
Bitcoin Acceptance for Everyday Use (Infographic) Read More »
National Check & Currency’s MSB Insider recently sat down with me and asked my opinion on various issues. Here is the interview in full. How has the financial landscape for MSBs changed since you started working in this industry? The industry over the past few years has become more regulated. Oversight has increased, so have the …
What is the preferred payment method in Saudi Arabia? Morocco? Zimbabwe? Latvia? Peru? Vietnam? Do you know? I don’t and most of my colleagues don’t. At some point in time you would like to know of the prevalent payment methods in other countries. It is very difficult to know what are the major payment methods and …
What are the preferred local payment methods in your country? Read More »
When it comes to following people on Twitter, there is a common misconception to which we all are victims of (so to speak), including myself. Common logic says, follow the people of your kind or vertical. So, for example, I follow mostly people in the payments, banking, money-transfer and fintech space. Lots of such people. …
How Transactions Will Eventually Become Free In the 1970s, email was compartmentalized. It had its own ecosystem within which messages would traverse back and forth. You could not send email from one network to another. In most cases, the networks were disjointed as far as email was concerned and other times, an intermediary had to …
The World Bank Bilateral 2014 Remittance Data infographic is up. This interactive chart shows the Remittance Flow between various countries. The chart is divided into two parts: Remittances Sent Remittances Received The assigned URL to this infographic is: http://faisalkhan.com/remittances/
Many bitcoin ventures are aiming at disrupting the remittance market. Remittances (or Home Remittances as they are officially known), are a particular type of repeat money-transfer between two countries. Remittances are typically sent by the diaspora or foreign workers, sending family maintenance money back home. Gauging the size of the mark in the vicinity of …
