Unify A Unified Payments Interface (UPI) enables instant & easy money exchanges from person-to-person or person-to-merchant. India’s 2-yr old UPI system has 115 lenders & handled ₹542bn rupees ($7.5 bn) of transactions in Aug 2018, up from ₹31m in Aug 2017. All together now: the ramp-up power of a network Guessed the Word? …
Tag: payment
Cash is king. Used in 80% of payments in Germany, 50% in UK and USA, 45% in Holland, but Sweden is becoming cashless. €500 “Bin Laden” note (few have seen, but many recognize) being phased out by end-2018 Guessed the Word? Series 21 (6/7) [pic: CNN]
Oil Data is the new oil, and payment data is the best quality oil in the business. Besides amount/ mode of payment, it reveals consumer preferences & usage patterns. Is your firm’s data equivalent of an oil reserve protected? Guessed the Word? Series 12 (3/5) [photo: neufal54]