Financial Services (105)
M-Commerce made easy
With the rise of mobile penetration, brands are trying to tap into M-commerce, but finding a seamless user experience has been difficult to achieve.
A start-up named Clover may have found a solution. They’ve created a one-click mobile application payment system which only requires entering your phone number and a PIN to authenticate the user and purchase.
Why it matters
Perhaps this solution is not the panacea for m-commerce, but it seems to take the right direction by easing its use and simplifying security. How could this innovation be used by brands to open new streams of trading?
Wonga offers consumers instant, online loans for small amounts ranging between £50 and £200. Consumers choose exactly how much to borrow and must pay back the loan in under a month. If approved, the loan is transferred into the applicant’s account within one hour.
Ficoba is a new transparent and co-operative banking concept. Every customer has the opportunity to develop new financial products or talk directly with the boss about improvements. Customers who give the most or best input get rewarded through monetary bonuses.