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)?



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