According to the CIA Factbook, the world’s 2010 GDP is estimated at 75 Trillion dollars. According to the Boston Consulting group, the global payments industry is approaching 500B in revenue. According to my math, this implies that payments industry’s revenues alone represents a 0.67% tax on human effort.               If payments [...]

A free idea for some new Y-combinator payments startup The market needs a simple application service on top of recurring ACH debits (which are called PADs here in Canada). It would be a money maker for the banks, a boon for billers, and put control and transparency back in the hands of consumers. If you [...]

The world is still a big place and thankfully we’re not all the same (yet). I was recently in Singapore where there are some unique cross-border trade challenges for payment service providers, but this entry is an update from the last stop on my trip: Australia.  Just last week it was publicly reported that there [...]

Having recently returned from the MMT09 summit in Dubai where hyperWALLET was pleased to be one of the key event sponsors, I couldn’t help but walk away with some observations that I wanted to share.   As most in the payments space are aware, the concept of mobilizing financial services has been around for many years [...]

This blog is intended to be a place of information exchange about payments. We believe that inclusive and frictionless commerce can improve the lives of billions of people around the world, and that payment service innovations are a basic building block of inclusive and frictionless commerce. This site is sponsored by hyperWALLET Systems Inc, and [...]