Disruption in Cross-Border Money Transfer (Remittances) Disruption. I have a love/hate relationship with the word. I love what it means and stands for, however, I hate it when it is used as a misnomer. I digress. I had to get that in. For the past couple of months, I have very acutely been studying the […]
In my previous post (Collaboration and not disruption, may just be the key! Stitching together the world of disparate payments) I discussed on how fragmented the payment system is world over. I want to highlight a problem area that is abundantly documented in the form of posts on forums all over the internet – the […]
Sometimes you just can’t get enough of Donald Trump. No matter where you go, Trump it is! In your email, on your Facebook, on LinkedIn, especially by people who confuse LinkedIn with Facebook, on Twitter, on Instagram, on your daily news feeds, he’s everywhere! (Sorry Donald, I had to cite you as an example). In […]
Check21 Remittances Contrary to popular belief, remittances (money-transfer) entail more than just a person walking into a retail location to send money overseas, there also exists other business areas that few people outside the check cashing world know of. However, before we discus of the opportunity, it is important to under stand two important areas: […]
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 […]
K-Electric, Karachi’s privatized utility company has launched an initiative to automate their bill payments across various channels. The omni-channel RFP has been sent to various interested parties. Here is what the 3-page RFP looks like: The Solution Architecture Click to enlarge Solution Features Click to enlarge User Interface Click to enlarge
A lot many times I am asked, what does a time-motion diagram of an ACH (Automated Clearing House) transaction look like and why it is important. One of the reasons a TM diagram is important is if you are building an app and/or processing payments based on ACH payments, you need to know the cut-off […]
Though this is relatively a dated document, this condensed survey outcome done by World Bank provides a very solid outlook on the various payment systems worldwide. The report can be downloaded from here.