At GFG Group, we work hard. But we do play a bit, too, stoking team morale with occasional team building exercises and excursions. And in the Auckland head office, no event is more highly anticipated than the annual team building day and Christmas party. 13 December 2012 saw the team head off on a Great Safari Adventure…
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Browsing the Payments Cards & Mobile website, I came across a Leadership Perspectives insights project they have been running with Visa in 2012. Called Leadership Perspectives – Payments meet mobile, the project aimed to ‘capture the thoughts and perspectives of some of the biggest players in the evolving mobile payments industry’, and establish if there is a move towards collaboration between the players.
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In a world where new financial scandals are revealed every month, and after the 9/11 terrorist attacks in the US, it’s increasingly difficult to deny the importance of regulation. Nevertheless, it remains true that too much regulation can hinder the success of business and innovation. The mobile payment industry, due to its complex ecosystem and sensitive services, is very affected by regulatory decisions; countless mobile payment services projects have been stopped by the regulators over the last 10 years (usually projects initiated by Mobile Network Operators (MNOs)). This post explores the role of the regulator in mobile payment services and some of the sensitive issues it has to address.
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As for any other financial service, the potential for fraud in mobile payments is a very sensitive issue.
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A nostalgic look back at the ground-breaking French ‘proto-internet’ invention launched in 1982 and finally disconnected on 30 June 2012…
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Are mobile phones going to replace traditional point-of-sale (POS) devices? This example of card/mobile convergence – termed Mobile POS, or mPOS, is becoming a reality in many markets – led by the likes of Square in the US, for example. This new trend should just increase as banks and other players start understanding and leveraging the potential of such applications and as technologies such as the following mature:
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Card and mobile payments are converging. The success of services such as SMART Money, the emergence of Near Field Communication (NFC), or the huge investments made by MasterCard and Visa in the mobile space attest to this fact. And there is no doubt that MNOs, banks and card schemes can all benefit from partnerships that enable end-users to pay for goods and services seamlessly from their card or from their handsets, selecting the most convenient option.
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At GFG Group we work hard and, as I’m sure anyone can attest, 2011 was a long and busy year – so it was great for staff to have an end-of-year ‘reward’ to look forward to, in the form of our team building day and Christmas party for the Auckland head office on 16 December 2011.
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GFG Group’s global expansion and activities in various markets around the world is the subject of an article published on the Computerworld New Zealand website on Monday, 12 December 2011.
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Enabled by GFG Group technology and considered one of the first successful Mobile Payment solutions in the world, SMART Money, from Philippines-based SMART Communications, won the Mobile Money Award for the “Best operator led programme” in Dubai during the Global Mobile Money Transfer event on 1 November 2011.
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