Introduction This section of the Lydian Journal examines the world of social commerce, or as some have described it, the fourth retail channel. Four distinct elements define this commerce opportunity for merchants: (i) the explosive growth of social networks, in particular, Facebook, (ii) the...
Introduction More than ever, the technology and platforms underpinning the technical and economic success of payments are evolving and confronting industry decision-makers with the dilemma of whether to invest in current infrastructure or adopt new delivery solutions. The technology section of the Lydian Journal...
Introduction This article is the first in what will be a series of articles from industry leaders on the business of building and managing innovations, particularly within payments platforms and networked businesses. In our inaugural article, we will take a look at the evolving...
In recent years, credit card reward programs have become a basic component of personal finance. Credit card issuers use them to entice consumers to spend more on a given card. [1] Consumers use them to earn a rebate on amounts spent or as an alternative...
December 2008 Introduction This note reviews the Spanish experience with regulating the competition aspects of new mobile payment networks in the absence of formal technical standards. The saga is in two parts, as the strategy of the early movers, dominant telco Telefonica and leading...
Bill & Melinda Gates Foundation [1] From: Yes Africa Can: Success Stories from a Dynamic Continent, World Bank, May 2010 Abstract M-PESA is a small-value electronic payment and store of value system that is accessible from ordinary mobile phones. It has seen exceptional growth...
M-PESA is a huge success… and now what? Safaricom’s M-Pesa success story has focused the global attention on Kenya as the leading edge of the mobile money revolution2. M-Pesa is a mobile payments solution developed by Vodafone in the UK, and currently available not...
MPD Innovation In Payments | PDF Igniting Innovation in Payments How Software Development Platforms Will Drive Innovation and Transform Payments The use of software platforms to drive innovation and transform industries has exploded since the 2006 publication of my book Invisible Engines , written...
Moments of economic turbulence provide the unique opportunity to start new businesses, launch disruptive new products and strengthen customer loyalty — often at a discount. During these challenging times, here are a few pointers on what to do, why to do it and what to...