Smartphones set to dominate digital payments
“Smartphones are the next frontier in contactless payments with the big tech companies coming out with apps that allow payments without even require opening the app or unlocking the device.”
“A partnership with Eko-Pay… will see the launch of Eko-B2B across APAC. The solution integrates with Mastercard’s inControl platform to automate accounts payable. \the companies cited research from McKinsey that found B2B payments across Asia Pacific are still largely manual, with 90 percent of transactions conducted in cash.”
“CIMB group consumer banking chief executive officer Samir Gupta said the best retail bank award was reflective of its continuous efforts to deliver great customer experience, in line with today’s consumer expectations and also preference for online and mobile banking.”
“Cryptocurrencies are hoovering up investment from global banks, keen to get in on the several alternatives emerging to support international money transfer while also warding off competition from startups such as TransferWise.”
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