These include our partnership with CDNS whereby their customers will get access to alternate delivery channels, the project with National Bank of Pakistan for digitising government receipts and payments, and the efforts to create a
micropayments gateway in the country at the State Bank of Pakistan,' he said.
After debuting as iMoneza in March of 2015, Wallit (wallit.io) has not only changed its name, but shifted its primary focus from
micropayments toward maximizing the power of subscriptions.
"This award further establishes Nearex's position as a leader in the
Micropayment domain where its Xip solution has proven that it is all set to drive financial inclusion of millions of small merchants across emerging markets and make small daily cashless payments a reality with smart use of fast growing mobile money and mobile wallets."
Micropayments became increasingly significant in credit card and debit card transactions in South Korea.
The announcement came just days after a profile of Canada's Winnipeg Free Press, which has been using
micropayments as part of its paid digital-access strategy.
Someone has to build those viable, privacy-preserving
micropayment systems but Silicon Valley is known for its entrepreneurial spirit, right?
They serve several vital functions: Not just protecting their users from government and private thievery, but also making "
micropayments" - the holy grail of Internet commerce in very cheap things - feasible and making borders economically superfluous.
Indeed, according to Franceso Burelli, principal at Value Partners, a new trend of
micropayment is emerging, again in the youth segment.