All articles by EPI editorial
EPI editorial
International opportunity, local challenge- the growth in cross border e-commerce
International merchants are keen to take advantage of cross-border commerce in high growth developing markets. The opportunity for both merchants and payment services providers to serve some of the largest economies in the world is clear. Larry Illg, CEO of New Ventures and Naspers Payments, writes
Indonesia embraces cash alternatives
Prepaid card growth, population growth, EMV migration, not to mention economic growth- there is plenty going on in Indonesia to drive the payments market, despite the central bank imposing tighter controls on consumer credit lending. It is also the perfect breeding ground for mobile payments
Ola expands payment service app
Ola, the Indian taxi network service, is moving into new territory after it announced that its payment service app, Ola Money, would now travel into the realms of mobile recharge, post-paid bill services and money transfers.
Azerbaijan turning towards digital
Azerbaijans payments industry demonstrated robust growth over the last five years. Improved banking infrastructure, growing banked population, and government efforts to accelerate electronic payments in the country contributed to the industrys growth between 2010 and 2014, a growth set to continue
South Koreas cards remain competitive
South Koreas payment cards market is one of the most competitive and attractive in the Asia Pacific region. It is mature and over-served, with credit and debit card penetration rates of 1.8 and 3.0 respectively per inhabitant in 2014. However, is this appealing market set to remain that way in the near future?
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Mobile Money: Why does it matter?
Today, there are two billion adults globally who are still considered unbanked by The World Bank, however this figure is being addressed. Since 2011 the number of people with a bank account has jumped dramatically by 11%. Progress is being made by opening up financial services to people in developing countries people who were previously excluded altogether. Eric Barbier, CEO, TransferTo, writes
The ‘Pay’ model is strong, but banks are still in play
The advertising war has started between Apple Pay, Samsung Pay and Android Pay. But the game is not over for banks, yet. In North America and Europe, banks are developing furiously in their payments offerings and are not to be dismissed as old hat. Sirpa Nordlund, executive director of Mobey Forum, recounts soundbites and sentiments from the international association’s HCE Workgroup
Kazakhstan- cards and payments growth anticipated
Mobile payments and a growing banking infrastructure are contributing to a slowly growing banked population in Kazakhstan. Government and central bank initiatives are at the heart of this growth, which is expected to increase in the coming years
Legal links in the Blockchain: the disruptive effects
Technology leads, law follows. Once again, new technology creates a different context for existing legal concepts. Corporate partner Jonathan Kirsop and corporate associate Dylan Kerrigan of international law firm Stephenson Harwood LLP examine consumer rights and security from a legal standpoint
Brazil cards and payments boosted by government policy and mobile money
The Brazilian market’s openness to competition and its well-developed financial infrastructure makes it one of the most promising payment card markets in Latin America. Consequently, the country has attracted both regional and international banks and card issuers