The Blog

Social commerce: the next big thing in payments?

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Social commerce: the next big thing in payments? Originally published in CXOtoday.com, 12 December 2017 As of today, Facebook hosts 2 billion monthly active users, Whatsapp has made inroads to over 1.2 billion, while nearly 700 million are active on Instagram, and the Twitter bird has caught the fancy of over 328 million users. The…

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Is the UAE retail sector ready to go cashless?

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Is the UAE retail sector ready to go cashless? Originally published in Startup Scene ME, 15 November 2017 The concept of ‘cashless payments’ is on the rise, due in no small part to the convenience and security that it brings both retailers and consumers, compared to traditional payment methods. A significant factor in the adoption…

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Spreading the word on cashless transactions

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Spreading the word on cashless transactions Originally published in Gulf News, 31 October 2017 Cashless payments and transactions are on the rise, driven by customer convenience and efficiency. Forty-one per cent of consumers anticipate conducting all transactions through a mobile wallet within five years, according to a recent survey by Ubamarket. Digital commerce and cashless…

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Acceptance of e-payments: boosting sales of MSMEs

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Acceptance of e-payments: boosting sales of MSMEs Originally published in YourStory, October 2017 While the Micro, Small & Medium Enterprises (MSME) sector forms the backbone of the Indian economy, it continues to remain and operate offline, despite the surge of digitisation sweeping across the nation. According to the joint study shared by KPMG and Google,…

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Is mobile wallet and payment industry leads towards consolidation?

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Is mobile wallet and payment industry headed towards consolidation? Originally published in the Economic Times, 15 July 2017 Mobile wallets have been one of the primary beneficiaries of the increasing digitalization of payments. The demonetization drive brought in an early Christmas for the wallet players last year, with the leading e-wallets declaring an unprecedented increase…

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2017 will be a busy year for digital payments

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2017 WILL BE A BUSY YEAR FOR DIGITAL PAYMENTS Originally published in CXOtoday.com, 18 January 2017 In the last one year, various initiatives by the Indian government under its Digital India program, resulted in the rise in mobile and internet transactions. The demonetization drive towards the end further pushed Indians to adopt digital payments and spearheaded…

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Does your MENA payment gateway also a gateway towards global market?

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Is your MENA payment gateway also your gateway to a global market? Your e-commerce operation might be taking you places you’d never expected to go. The reach of the Internet is staggering—just here in the Middle East, 57% of the population is online, according to Internet World Stats. That’s a market of 142 million people.…

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Social commerce and opportunities for regional businesses

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Social commerce and opportunities for regional businesses Your customers want to buy in social media channels, so why aren’t you selling to them there? It’s an incredible statistic that we spend an extra 58 million hours on Facebook during Ramadan in the region. That’s 5 per cent more time than usual, according to the social…

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Is mobile wallet and payment industry headed towards consolidation?

 150 150 Sirish Kumar

Is mobile wallet and payment industry headed towards consolidation? Mobile wallets have been one of the primary beneficiaries of the increasing digitalization of payments. The demonetization drive brought in an early Christmas for the wallet players last year, with the leading e-wallets declaring an unprecedented increase in the number of users and transaction volumes. Besides,…

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Security in digital payments: urgent need for focus

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Security in digital payments: urgent need for focus The unprecedented push for cashless payments has enabled the growth of several FinTech and digital payments platforms alike. However, while e-wallets have gained traction and the utility of credit cards and net-banking has increased, the need for cyber-security has also received mainstream attention. In the case of…

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