Tag Archives: Banking Payment Technology

Location Kenya

New fintech hits major milestone

Yesterday in Nairobi, Kenyan payment solution provider PesaPrint signed a licence agreement that will see Bluechain rolled out to over 5 million users in Kenya in the next 5 years. Under the licence agreement, PesaPrint will white-label the Bluechain payments app and will be responsible for in-country marketing to merchants and consumers. Apart from securing an important revenue stream in…

Bluechain request-to-pay

Request-to-pay: a better a way to pay

In a survey of UK payments users (World Class Payments Report, Payments UK, www.paymentsuk.org.uk), customers expressed the need for “more choice and control over the timing and method of their payments”. Payments UK identified four capabilities as priorities for giving customers more control, simpler access, better information and improved confidence in their payments. One of those priorities is request-to-pay (RtP),…

Trust and technology: banks should heed the warning signs

According to a recent article in the Australian Financial Review “Bank dominance under threat from technology, trust”, banks need to start taking notice of how the world has changed around them. The days when the banks dictated how consumers paid for goods and services or borrowed money are gone. And if they don’t pay attention, they could find themselves being…

Credit card fees get crunched

I read an interesting article recently in The Age about credit card interchange fees and the government caps that come in from July 1: http://www.theage.com.au/small-business/finance/anz-dumps-amex-as-credit-card-fees-get-crunched-20170313-guxcxj.html#comments. Perhaps even more interesting is that the readers’ comments pick up on problems with the existing credit card schemes with greater clarity of purpose than the schemes themselves. The schemes might not get it, but Bluechain certainly knows…

Australian banks denied access to NFC on iPhone. Now what?

On Friday 30 March 2017, the Australian Competition and Consumer Commission (ACCC) announced that the country’s largest banks cannot collectively bargain with Apple over access to near field communication (NFC) technology on the iPhone, which would allow the banks to compete with Apple Pay. Rather than enhancing competition, this decision limits Australian consumers and impairs the banks’ profit margins as they…

Mobile payments: Have the card schemes stopped innovating?

I recently attended the Mobile World Congress in Barcelona. This conference provides attendees with an in-depth analysis of the topics and trends that are shaping the mobile industry in 2017. It also provides the opportunity for the giants and dwarves of the industry to showcase their latest innovations. In past years, there has been a strong focus on infrastructure, with…

Softech recognizes Bluechain with awards for Most Innovative CTO and Excellence in Secure Payment Technology

Bluechain is pleased to announce we have received the 2017 Softech INTL Award for Excellence in Secure Payment Technology. In addition, our Chief Technology Officer (CTO) and Bluechain inventor, Craig Glendenning, has been named Australia’s Most Innovative CTO. It’s an honour to be recognized by the international financial services and technology communities for Bluechain’s innovative next-gen payment platform that raises…

Around the world in 60 days: Payment challenges are universal

While you may not have heard of Bluechain yet, we’ve been busy talking to and sharing our vision with the payments industry. In the past 60 days, I’ve logged close to 100,000 miles across four continents and have talked with dozens of tier I and II banks, central banks, regulators, payment service providers and merchants to get a pulse on…