E-payments: Go digital, go cashless

Understanding cashless payments in India

Background: This paper analyzes India’s gradual transition towards a cashless economy. Methods: We present a theoretical model that evaluates decisions by consumers and sellers to adopt cashless payments. We then use data from surveys conducted in 2011 and 2014 (from World Bank’s Global Findex), as well as household and enterprise surveys conducted in 2009–2010 to estimate the amount of cashles...

Fingerprints Go Digital

1278 NOTICES OF THE AMS VOLUME 42, NUMBER 11 T he new mathematical field of wavelet transforms has achieved a major success, specifically, the Federal Bureau of Investigation’s decision to adopt a wavelet-based image coding algorithm as the national standard for digitized fingerprint records [11, 4, 3]. The FBI standard, which uses an approach known as wavelet transform/scalar quantization (WSQ...

Mobile Payments Go Viral M - PESA in Kenya

-PESA is a small-value electronic payment and store-of-value system in Kenya accessible from ordinary mobile phones. It has seen exceptional growth since its introduction in March 2007. Now in use by 9 million customers—40 percent of Kenya’s adult population—the system processes more transactions domestically than Western Union does globally. M-PESA’s market success is the result of the interpl...

Electronic Payments: Where Do We Go from Here?

Currently, the Internet and the World Wide Web on-line business is booming, with traffic, advertising and content growing at sustained exponential rates. However, the full potential of on-line commerce has not been possible to realize due to the lack of convenient and secure electronic payment methods (e.g., for buying e-goods and paying with e-money). Although it became clear very early that i...

Picture Storybooks Go Digital: Pros and Cons