Mobile Wallet is the new buzzword in the technology and payment space. The success of Mobile Wallet will depend on how it is being projected to end users. Recently i used various Mobile Wallet services and thought of sharing my experience with my readers. I am always in for adoption of new technology but as i always mention that one shoe doesn't fit all. Mobile Wallet may be useful & convenient for one set of users but not for all. In India, it is popularized after the entry of the most popular service i.e. paytm. Some of the players already existed in the market but with not much success. ... Read More
What is IMPS – Immediate Payment Service?
In my opinion, IMPS is path breaking technology for Money Transfer. In last 10 years, the overall experience of money transfer has changed drastically. I remember standing in long queue for an hour or so to transfer money. To be very honest with you, i started this post as a Social Media Money Transfer but mid-way i changed the topic to IMPS (Immediate Payment Service). To understand social media money transfer, it is critical to understand IMPS (Immediate Payment Service) first. I tried to squeeze both IMPS and Social Media Money Transfer in the single post, but i was not able to do justice ... Read More