-
View all news of Obopay
Posted on June 22, 2011Financial Inclusion in South Asia
Financial Inclusion in South AsiaThe term in its basic usage means ‘the delivery of financial services at affordable costs’ to the under-privileged sections of society. It focuses on the initiatives taken by governments, banks and other for- profit and non-profit organisations to bring financial services to the otherwise overlooked sections of a country.Several countries across the globe now look at Financial Inclusion as the means of a more comprehensive growth, wherein each citizen of the country is able to use their earning as a financial resource that they can put to work to improve their future financial status, adding to the nation’s progress.For quite some time now several African countries have promoted various banking services with this approach and have harnessed the unique aspects of mobile banking to drive financial inclusion. However, if we swivel the globe a little to the right we see South Asia sitting somewhat placidly, still getting its arms around various initiatives and services that would reduce its unbanked numbers. The largest of such nations in South Asia, India, has a working population of 600 million but a banked population of only 200 million.An interesting aspect of Financial inclusion has been brought to the forefront by D. Subbarao, the Governor of Reserve Bank of India. He asserts, “Financial inclusion is good for both banks and governments as it would check inflation.” This is a new dimension to the benefits of Financial inclusion.Look out for more on our blog as we speak more on this subject. Your feedback and opinions are extremely valuable.The term in its basic usage means ‘the delivery of financial services at affordable costs’ to the under-privileged sections of society. It focuses on the initiatives taken by governments, banks and other for- profit and non-profit organisations to bring financial services to the otherwise overlooked sections of a country.
Several countries across the globe now look at Financial Inclusion as the means of a more comprehensive growth, wherein each citizen of the country is able to use their earning as a financial resource that they can put to work to improve their future financial status, adding to the nation’s progress.
For quite some time now several African countries have promoted various banking services with this approach and have harnessed the unique aspects of mobile banking to drive financial inclusion. However, if we swivel the globe a little to the right we see South Asia sitting somewhat placidly, still getting its arms around various initiatives and services that would reduce its unbanked numbers. The largest of such nations in South Asia, India, has a working population of 600 million but a banked population of only 200 million.
An interesting aspect of Financial inclusion has been brought to the forefront by D. Subbarao, the Governor of Reserve Bank of India. He asserts, “Financial inclusion is good for both banks and governments as it would check inflation.” This is a new dimension to the benefits of Financial inclusion.
Look out for more on our blog as we speak more on this subject. Your feedback and opinions are extremely valuable.
-
View all news of DAOPAY
Posted on June 21, 2011DaoPay: @jimmylemas Hi, Jimmy - we welcome any information you may have re: #openmobile so we can review. Please DM. Thank you!
DaoPay: @jimmylemas Hi, Jimmy - we welcome any information you may have re: #openmobile so we can review. Please DM. Thank you!
-
View all news of DAOPAY
Posted on June 20, 2011DaoPay: RT @WebMediaBrands: Inside Network Releases Latest Survey Revealing Deepening Brand Loyalty, Willingness to Pay Among Social Game Player ...
DaoPay: RT @WebMediaBrands: Inside Network Releases Latest Survey Revealing Deepening Brand Loyalty, Willingness to Pay Among Social Game Player ...
-
View all news of Paybyweb
Posted on June 20, 2011Wireless Terminals for FREE
Accepting Credit Cards On The Go is Finally Affordable
Mobile and other portable credit card terminals have been around for many years. But, have they been affordable? To many, not really. Expensive hardware, leases, long term contracts, and high fees have priced credit card acceptance away from the front desk, out of the ball park. However, much of that has changed.
Today, more and more merchants need to be able to accept credit cards while on the road or at off-site locations. There are many wireless/mobile credit card terminals on the market. You can expect to pay anywhere from $199 - $1000 for a wireless credit card terminal. Some terminals have integrated printers while some have printers optional. Monthly wireless service fees vary but are generally around $20 per month. Many credit card processors are now offering shorter term contracts. Some have no contracts at all.
One of the most popular, and fastest growing segment in this industry, is the short-term or single event usage account. This merchant account offers great flexibility for fundraisers. For example, a school PTA or other group is holding a one night fundraiser and wants to accept credit cards. Now they can. Many charitable groups holding silent auctions or other fundraisers can sign up, rent the terminal, process their transactions, and return the terminal once their event is over. These types of services are finally being offered to a large group of merchants who until very recently, were stuck accepting cash and personal checks. Statistics have proven that buyers are apt to spend more money on a credit card than by check and who carries cash anymore?
PayByWeb makes the process simple by providing a FREE wireless credit card terminal to all new merchants applying for a wireless/mobile merchant account. Rates are 1.74% plus .25 per transaction. Merchants with short term events needing credit card acceptance can rent the terminals at a very low cost. As the demand for mobile and wireless technology increases, merchant account providers must keep up and offer the solutions to supply that demand, while keeping those merchants happy. -
View all news of DAOPAY
Posted on June 20, 2011DaoPay: RT @ThePaypers: US: Mobile commerce to jump to USD 31 billion in 2016 http://bit.ly/klLtRf
DaoPay: RT @ThePaypers: US: Mobile commerce to jump to USD 31 billion in 2016 http://bit.ly/klLtRf
-
View all news of Zong
Posted on June 17, 2011zong: We're very happy to add Microvolts to the Zong family! Check it out this weekend and blast away! http://t.co/ETOGOOv
zong: We're very happy to add Microvolts to the Zong family! Check it out this weekend and blast away! http://t.co/ETOGOOv
-
View all news of ClickAndBuy
Posted on June 16, 2011Peter Vesco becomes the new CEO of ClickandBuy
On July 1, 2011, Peter Vesco will replace Charles Fränkl as ClickandBuy’s new CEO. Mr. Vesco’s last role was as President and Managing Director for Northern Europe at Hypercom Corp. and he is seen in the industry as a renowned expert and manager with many years’ experience in the payment market. His previous roles have included CEO of GSA (Germany-Switzerland-Austria) and Italian operations at FirstData and COO of GSA and Italian operations at Atos Worldline. Charles Fränkl, who has headed ClickandBuy since January 2009, will be leaving the company on June 30, 2011 at his own request. Furthermore, on July 1, 2011, Frank Stoffer will assume the position of CFO and Managing Director of ClickandBuy Holding GmbH in addition to his current management activities at CBS GmbH. He will be replacing Frank Brinker. Frank Stoffer brings with him many years of experience in the finance area of Deutsche Telekom and since the takeover of ClickandBuy as a wholly-owned subsidiary of the Deutsche Telekom AG Group, he has already made a significant contribution to consolidating the financial structures. Dr. Martin Enderle, Chairman of the Supervisory Board of ClickandBuy Holding GmbH and the Head of Internet Business at Deutsche Telekom AG, comments: “With Peter Vesco, I am pleased to have gained a top manager as ClickandBuy CEO. Since we are interested in further developing our payment activities, his sound payment expertise has made him an ideal candidate for us. I would like to cordially thank Charles Fränkl and Frank Brinker for their great commitment. Both will continue to provide support in the payment area at Deutsche Telekom AG." About ClickandBuy ClickandBuy is one of the leading payment systems on the Internet. Certified by McAfee and tested by Germany’s Technical Inspection and Testing Association (TÜV), this online payment system is currently used for Internet purchases by over 13 million people. Over 16,000 online traders use ClickandBuy’s e-payment system for their e-commerce, online entertainment, and paid content & services billing, including T-Online Musicload, Gamesload, Softwareload, Videoload, Scout24 Group, Apple iTunes, Napster, Medion, AOL, Web.de, Saturn, Meetic, Parship, Neu.de, Electronic Arts (EA), McAfee, Panda, Orange, bonprix, Redcoon, notebooksbilliger.de, buch.de, Foto.com, RTL, Stiftung Warentest, DER SPIEGEL, Spiegel ONLINE, Bild, Die Welt, Playboy.de, ftd.de, faz.net, Deutsche Börse Group, KPMG, ADAC, etc. Founded in 1999, the online payment system is operated by ClickandBuy International Ltd. in London. Since April 1, 2010, ClickandBuy has been a wholly-owned subsidiary of Deutsche Telekom AG. As an e-money institution licensed by the UK’s Financial Services Authority (FSA), ClickandBuy is a full-service system (complete payment system) that offers 50 national and international methods of payment in 120 currencies. ClickandBuy – media contacts ClickandBuy International Limited Lincoln House 137 / 143 Hammersmith Road London W14 0QL E-mail: pr@clickandbuy.com Internet: www.clickandbuy.com
-
View all news of DAOPAY
Posted on June 15, 2011DaoPay: Looking forward to @gamescom_int - only a few weeks to go! See you there? http://t.co/ZFNnC6F #daopay #gamescom
DaoPay: Looking forward to @gamescom_int - only a few weeks to go! See you there? http://t.co/ZFNnC6F #daopay #gamescom
-
View all news of WebToPay
Posted on June 13, 2011New tariffs for premium rate SMS in Belarus. Better share rates!
After financial crisis in Belarus and devaluation of the currency former tariffs become to small. We would like to present new tariffs and better share rates for this country: Short codes SMS price for a sender SMS price for a sender without PVM Operator I II III 3338 3500 BYR 3500 BYR All 29,00% 30,00% 31,00% 3337 6900 BYR 6900 BYR 3336 9900 BYR 9900 BYR 3311 12900 BYR 12900 BYR 3332 15900 BYR 15900 BYR 3339 19900 BYR 19900 BYR Please create new keywords for these tariffs. If you have any questions, please do not hesitate to contact us by email support@webtopay.com.
Kind Regards,
Webtopay.com
Customer Care
https://support.webtopay.com -
View all news of Paybyweb
Posted on June 10, 2011The Future of Credit Card Processing is Mobility
Processing transactions electronically is not just for online and traditional businesses anymore. There is a new movement in technology that now allows retailers the ability to process electronic payments on the go. Mobile merchant accounts are now providing an increased convenience for consumers and higher sales for businesses that incorporate such mobility. Such technology has now introduced devices such as the Square, which allows a merchant to process payments directly through an iPhone or iPad. There are several advantages for mobile merchant accounts. First, a device such as the Square does not require any merchant account setup. Another advantage for the mobile merchant is that utilizing mobile merchant accounts will ultimately replace the need for credit card terminals.
Before a business can accept credit cards, your business must be licensed through the appropriate agencies. Transferring payments on the go is particularly proposed for small businesses. Mobile payments are moveable, flexible and have radically lower setup costs than more traditional merchant account services. Once your business is established and licensed, establishing a merchant account, payment gateway, and a mobile device will be required to accept credit card payments.
A merchant account is a type of bank account that allows businesses to accept payments by debit or credit cards. A merchant account also serves as an agreement between a retailer, a merchant bank and payment processor for the settlement of credit card and/or debit card transactions. This type of account provides convenience for your customers and allows your business to accept electronic transactions from the either a brick and mortar storefront or e-business. Moreover, offers credit card transactions from your mobile phone or tablet. Merchant service providers are in abundance, and it will take some research to determine which company best suits your business needs. Another option is to apply for an account through your bank; however, this isn’t always the most cost-effective method.
Merchant accounts can be provided by a mobile credit card processing service and process your electronic transactions. With some banks, they will actually outsource the electronic processing. Extra fees will apply to merchant accounts for each transaction, thus you will want to research these companies and do the math to find the best rates that meet your specific business demands. Once this established, setting up a payment gateway follows.
A payment gateway is an e-commerce application service provider service that authorizes payments for e-businesses, online retailers, or traditional brick and mortar companies. It is the equivalent of a physical point of sale terminal located in most retail outlets. Payment gateways protect credit card details by encrypting sensitive data, such as credit card numbers, to make certain that information is transferred securely between the customer and the merchant and also between merchant and the payment processor. Every retailer requires a merchant account, however, only e-commerce and mobile commerce businesses have to establish a payment gateway. Today’s standard is that mobile electronic transaction services employ an integrated payment gateway or are partnered with online payment gateway companies such as Authorize.net or the very popular PayPal. This demonstrates how electronic transactions have become a transparent part of online transactions.
There are several advantages to utilizing mobile electronic payments. First, if you already have a smartphone or tablet, you already have most the equipment in the palm of your hand. If not, these devices are so common, that you can purchase a smartphone or ipad at low costs. There are also Mobile Commerce solutions that are compatible with almost any phone that has web and Java ME applications. Also, not all mCommerce services require Java to be functional. Secondly, incorporating your business mobile phone for processing credit cards is countless. The savings in equipment and instant credit card processing alone should give you reason for optimism. Thirdly, no matter if you’re working an event at the fair or a trade show, all your transactions can be processed instantly from the palm of your hand.
Another savings is that a portable card reader is no longer required. Just key-in the credit card numbers. Transactions are immediate and you can get the advantage of lower transaction fees since the verification of the card is instant. With the combination of Bluetooth card readers for swiping credit cards and Bluetooth printers for printing receipts, your business is more portable than the terminals of the past. Not to mention the fact that you are saving your money by reducing costs.
Establish a mobile merchant account that allows your business to accept credit cards on the go. It is the future of credit card processing and the future is now.
