Archive | April, 2016

Bank-based mobile payments

5 Apr

Looks as if there is lot of interesting stuff happening in Copenhagen at the Money 20/20 conference – #Money 2020Europe on Twitter. Auka (formerly mCASH) for example has an interesting White Paper out on bank-based mobile payments (see for your copy).

Auka’s cloud-based solution is offering banks a white label variant of Paym and ZAPP in the UK –  P2P smartphone payments and an alternative for merchants to card payments and PayPal. It will be interesting to see how they (and their competitors) fare. Customer and merchant uptake will be the problem – why would customers use this rather than Apple Pay (or the Android alternative when it lands in Europe)?



EU Referendum – it’s all about trade

2 Apr

I recall an English teacher remarking that there were so many grammatical mistakes in his local newspaper – the Bucks Free Press as it happens -that ‘he needed a bowl to be sick in’ when he read it.

I have much the same reaction reading (or listening to) the Brexiteers’ views on leaving the EU – brought into sharp relief this week by an article in the FT by Peter Sutherland. He points out how difficult it will be for the UK to negotiate new trade agreements if it were to leave – and notes that when we leave the 22 EU trade agreements with the UK’s Commonwealth partners will cease to apply. The full article is worth a read – see

Now it is true that the EU institutions are overdue for reform, and that some of the Remain arguments are tenuous too (difficult to see what staying or leaving has to do with sharing intelligence on terrorism, for example). But effectively our decision in the 70s to join and remain was about trade. We had options then as to what we should do – much more difficult to see that we have a realistic leave option now.