A long-awaited innovation in SoftPOS is expected to be launched in 2023. The retail and hospitality industries can finally let go from the constraints of traditional POS devices and make a massive leap forward into the 21st century. There has been the advancement of software-based POS security, namely, the Mobile Payments on Commercial off-the-shelf (MPoC) standard, which builds upon and learns from the Software-Based PIN on COTS (SPoC) and the Contactless Payments on COTS (CPoC) standards. MPoC enables contactless payment (NFC) acceptance and PIN cardholder verification methods to support further development of mobile payments infrastructure. The first MPoC certified solutions are expected to be seen on the market in Q2 2023. Expectations are high, and Mark Beresford (Director, London) has looked at how SoftPOS can help solve the six main pain points that many retailers experience with traditional POS.
It is difficult to predict how the economic downturn and recession will impact the Buy Now Pay Later (BNPL) industry. As interest rates continue to rise, credit card borrowing is growing more expensive. Now there is a new breed of start-ups that have turned the concept of BNPL on its head. Save Now, Buy Later (SNBL) schemes incentivise saving for big-ticket purchases while avoiding the potential debt trap that comes with BNPL. Mark Beresford (Director, London) along with the Retail Payments Practice at EDC have taken a closer look at SNBL as this new alternative payment method starts to gain momentum.
Samee Zafar (Director, London) recently spoke with Nadeem Hussain, a pioneer in financial services and technology. He is the founder and ex-CEO of Tameer Bank and EasyPaisa (sold to Telenor), which have impacted millions of Pakistanis by extending credit, insurance and mobile banking solutions to a large segment of the unbanked population. EasyPaisa is one of the most successful mobile financial services initiatives outside Africa. He is the founder and chairman of Planet N, which aims to connect and catalyze the next wave of technology leadership in developing markets and in particular Pakistan.
Adrien Touati, CEO at manager.one, an online bank for businesses, recently talked with Louis Wapler (Senior Consultant, Paris). During their conversation, Adrien described the origin of manager.one, shared his views on the business banking industry and assessed the short-term lending solutions digital banks may provide to their business customers
Our client, one of Europe’s leading online travel retailers
Conversation with Salim Dhanani, CEO & Co-Founder at BigPay, neobank based in Southeast Asia, recently talked with Samee Zafar (Director, London). During their conversation, Salim described the value proposition of BigPay and the markets and customers that they serve.