In earlier blogs we covered measuring success in Digital Banking. We listed the various KPI’s to illustrate the key indicators of traction. We will revisit this frequently to emphasize the need to understand the importance and impact of eMoney Wallets on traditional financial services. The key questions are: How well is my internet banking service […]
Financial services are being transformed. Fuelled by the proliferation of smartphones and connectivity globally. We know that keeping up with this transformation can be confusing. So this is why we are sharing key definitions for some of the terms being used daily and in the right context. E-money:Electronically stored, government-issued monetary value. For clarity Youtap, […]
2020 forced many businesses to further embrace digital and adopt new ways of working. In 2021, we expect to see the results of this digital transformation. Major trends and opportunities we anticipate for 2021 are: Growth in e-commerce sites rolling out e-money wallets and growth of rewards for e-commerce companies There will be a growth […]
China has utilized QR codes to send and receive payments since early 2010. 100% of the Chinese population now use them. QR (Quick Response) codes are facilitating retail payments. They were initially established as a tool for tracking automobile machine parts. Digital wallets have accelerated the rise of QR codes in payments as part of […]
Youtap Indonesia reported that it had seen a five-times increase in users and a 4.5-times increase in transactions from June to September. “The rise in users and transactions is due to the change in the behaviour of consumers, who prefer deliveries and cashless payment during the pandemic,” Herman Suharto, CEO – Youtap Indonesia The company’s […]
They have a business model that is digital to the core. Put simply you cannot plaster a digital core over an incumbent bank. A full digital core: Enables them to innovate quickly Offer a wide range of downloadable Apps Onboard customers in a matter of minutes Provide a wide range of tools that enable the […]
