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India facing a cash shortfall of USD10.6 bn

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19-Apr-18 While the Indian central bank continues to assert there is no cash shortage, experts say the cash shortfall in the system is a whopping USD10.6 bn, a third of the monthly withdrawals normally made at ATMs. [image: Reuters]

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In China, 'Amazon Go' style stores are almost old news

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 Insights

16-Apr-18 The cashierless Amazon Go concept is inspiring fear in traditional US retailers, but the idea is already mainstream in China. Beginning in 2016, a cashierless chain called BingoBox has already grown to 300 locations and 30 cities. [image: PaymentsSource]

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areeba introduces Gemalto's contactless card to the Middle East

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 Insights

15-Apr-18 Gemalto, is supplying its Visa biometric contactless EMV bank card to areeba, a fintech company that provides payment solutions for banks, governments and merchants in the Middle East, introducing contactless biometric cards to the MENA region. [image: gemalto / arreba]

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Japan's retailers boosted by e-commerce and overseas expansion

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13-Apr-18 Earnings growth in the Japanese retail sector is accelerating once again as companies expand and increase their presence abroad and in cyberspace. 14 of the 20 top publicly traded retailers foresee record net profits in fiscal 2018. [image: Nikkei Asian Review / Wataru Ito]

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A 'miracle' in India will disrupt e-wallets and incumbents

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 Insights

11-Apr-18 In Mar-18, the Indian National Payments Corporation reported that UPI saw more than 178 million transactions and totalling more than USD3.7 bn. At this rate, incumbent payment innovators might just get disintermediated themselves. [image: Bloomberg News]

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