Mobile payments are on the rise, but are they safe?

Credit to Author: Rajib Singha| Date: Mon, 30 Oct 2017 09:18:31 +0000

Several non-banking institutions have entered the market offering payment services and this has only boosted the consumer’s readiness to adopt digital payments; particularly, mobile payments. The following statistics easily paint the picture of the exponential growth of digital transactions in the country. Cashless payments in October 2016 increased 22% when…

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FinTech builds on blockchain for international mobile payments

Credit to Author: Lucas Mearian| Date: Sun, 15 Oct 2017 21:07:00 -0700

IBM has partnered with a Polynesian payments system provider and an open-source FinTech payment network to implement a new international exchange based on a blockchain electronic ledger.

The new payment network uses IBM’s Blockchain Platform, a cloud service, to enable the electronic exchange of 12 different currencies across Pacific Islands as well as Australia, New Zealand and the United Kingdom.

KlickEx Group, a United Nations-funded, Pacific-region financial services company, and Stellar.org, a nonprofit organization that supports an open-source blockchain network for financial services, are backing the new cross-border payments service.

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