POS Lending

This type of lending is prevalent as a formal channel of lending in most of the established markets. In almost all other markets, this type of lending is existent as informal, ad hoc and circumstantial. The informal lending in most of the cases would happen at POS for the retailer, wherein one would want a […]

P2P Lending

In this form of lending, the transaction is done between individuals directly. The amount involved and the terms of payment are mutually agreed upon by the lender and borrower. This is one of the most prevalent forms of lending in the society. The reason for such lending is usually manifold. It could be to earn […]

FinTechs Disrupting the Lending Business

The lending business is also closely associated, and sometimes have been inter-changeably used, with the credit markets. The credit markets have the same formal and informal categorization. There are typically two types of credit systems—open-end and closed-end credit options. In the open-end type of credit, the credit is of a revolving nature, i.e., the amount […]

POS Systems…

Retailers today use a POS system that is typically near the exit of the store or at the end of a particular section of the store, and these POS systems are fixed or station-ary. The new concept which is gaining ground is having a POS solution on a tablet or a phone, and the billing […]

Applications Supporting Wallets

Besides the digital wallets discussed above, there are applications that work as an enabler for using wallets. There are FinTechs that have developed these enabler applications separately or as part of the standard wallet. Some of the enabler appli-cations provided by a wallet service are: A password manager utility along with a digital wallet. Usually […]

Digital Wallets

Digital wallets as explained above are solutions that provide a common interface for conducting payments online or through a mobile device. The wallets in turn store the credit card details, identity details, shipping and invoicing information and even could store loyalty-related information. The wallets that store this infor-mation on a server are called server-side wallets. […]

Multichannel Digital Wallets

With the introduction of wallet companies like PayPal in the late 1990s, the wal-let revolution had already begun, but it was intensified with the advancement in mobile technology and the availability of client-side scripting technology. With the launch of the first generation iPhone the smartphone industry and later other mobile devices transformed the way business […]