The bitter truth is simple: There aren’t any mobile payments in Pakistan. Period. I had to think long and hard on this one, just to be double-sure, and the answer is still just that. None. Call me a pompous ass, but as a resident outsider, with no vested interest, the viewpoint I have is very […]
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 […]
On 21st of March (2105) I gave a presentation at NEST I/O an incubator / accelerator in Karachi, Pakistan. The topic of the presentation was Opportunities in Online & Mobile Payments for Startups. The presentation can be downloaded from here in the following formats: Keynote (21.9MB) Powerpoint (16MB) PDF (17.4 MB) Feel free to use and distribute, modify, etc. […]
For those who don’t know, I.I. Chundrigar Road is the road on which the Central Bank of Pakistan, i.e. State Bank of Pakistan is located. Last week they released their Rules for Payment System Operators & Payment Service Providers, which essentially killed the Payments & Fintech startup industry of Pakistan. Murder on Chundrigar Road is […]
State Bank of Pakistan recently released the much anticipated Rules for Payment System Operators & Payment Service Providers. The expectations were high. The results. Disappointing.
Visa wants to make the process of paying for goods on your phone or iPad as easy as swiping your credit or debit card at an offline retailer. To do so,..
When the big boys enter the game, can we say the days of PayPal are numbered? I don’t think so. Traction will need to be worked on.
Facebook is definitely coming into the world of online-payments. I’ve been saying this for a long time and it seems the pieces are starting to fall into place. It all started with a brilliant article by Farhad Majoo for Fast Company, aptly titled: The Great Tech Wars of 2012, in which it was envisioned that […]
Its a great step by a large bank (they sure beat RBS to it). However, there is nothing evolutionary or radical about this payment system (no, not that you have cited it or the article). Venmo, Dwolla, et. al. are equally more robust and flexible payment systems IMHO. However, from a trust factor and traction […]