Average Chinese consumer is projected to spend around US$1,600 with payment apps in 2020
Tag: payment
Apple buys startup to turn iPhones into payment terminals
Apple has acquired Mobeewave, a startup with technology that could transform iPhones into mobile payment terminals, according to people familiar with the matter.
Evolution of Digital Payments
• 1994: First online purchase.• 1997: First mobile payments and first contactless payments.• 1999: Paypal launches electronic money transfer service.• 2003: Alibaba launches Alipay in China.• 2007: M-PESA created the first payments system for mobile phones.• 2009: Bitcoin enabled secure and untraceable payments.• 2013: WeChat Pay introduced, which by 2018 surpassed 800 million monthly active… Continue reading Evolution of Digital Payments
Growth of Digital Payments and the emergence of FinTech in India
The government of India has proved to be a catalyst in the growth of the digital payments ecosystem in the form of modernization of payment infrastructure, digital literacy and offering ease of setting up a business. The government pushed a surge of digital inclusion in the country with subsidies, programs and incentives including: BHIM cashback… Continue reading Growth of Digital Payments and the emergence of FinTech in India
How can India benefit from the current shifts in demand and economic parameters?
Interventions by the Indian government in the following subjects may help benefit the business amid Coronavirus: