Nigerians Have Been Slow To Adopt Mobile Payments

From AFK Insider –

“Nigerians have been slow to adopt mobile payments and the government should work with service providers to launch a massive awareness campaign, a stakeholder said, according to a report in TheGuardianNigeria.

Mobile payments help foster financial inclusion, facilitate economic activities and deliver on jobs and economic growth, said Onajite Regha, CEO of the Electronic Payment Providers Association of Nigeria.”

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‘The Future of Payments’ – What you missed at StrategyEye’s sold-out event

From Paymentseye –

“If ticket sales and the empty bottle count from our latest ‘tech talk and networking’ event are anything to go by, payments continues to be one of the hottest segments of the tech industry right now. Apple Pay may have propelled payments into the spotlight last year, but the digitalisation of everyday transactions for consumers and businesses is a revolution that’s been a long time coming. After a lot of false starts, today the payments industry is at one of the most exciting points in its evolution.”

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Banking’s digital future

From The Financial Brand –
“Taking advantage of Twitter's new group Direct Message capability, a group of global fintech followers were treated to a great debate between Michal Panowicz from mBank and Brett King from Moven on the best structure for tomorrow's digital bank. With their permission, I have transcribed the discussion for readers interested in two differing views of banking's digital future.”
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UK consumers see hard currency as most secure payment method

From ATM Marketplace –

“A recent survey conducted by electronic payments software provider Compass Plus has found that consumer trust in newer payment methods has declined significantly in the last year, while cash has continued in first place as the most trusted mode of payment.

The survey of 650 U.K. residents found that 71 percent of respondents believed mobile payments to be the least secure payment method, a Compass Plus news release said. This is nearly twice as many, compared with 38 percent in the 2013 Compass Plus survey.

Contactless payments with contactless cards (47 percent) remained solidly in in second place (42 percent in 2013) on the list of the perceived least secure ways to pay.

For the third consecutive year, cash was seen as the most secure (73 percent), and over the last year, trust in debit and credit card payments on both the high street and over Internet increased by more than 20 percent, in some cases doubling their figures from 2013.”

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10 Financial Innovations Changing How We Deal with Money

From Innovation Excellence

“Everyone seems to be talking about the Bitcoin being the way of the future when it comes to payment technology. The biggest financial institutions are watching it closely, and more and more retailers are accepting the Bitcoin for payments every day. But, it isn’t something that is commonly used by the general public. In fact, there are many other financial products that are much more popular with the average citizen. Even some who are living below the poverty line are using these financial products which means they have found widespread dissemination. Here are the 10 financial innovations to be aware of because everyone from your neighbor to small business owners are using them regularly”

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