I recently heard about Oxygen, a new challenger bank in the US. Oxygen is designed for freelancers and gig-economy workers who lack a predictable salary, which results in the inability to gain credit. As a freelancer, you might have weeks or months working on a project without getting paid – but you know the next… Continue reading Redefining banking for freelancers and the gig-economy
Tag: banking and finance
Using facial recognition for in-store payments? A video showing innovation in payment from China
Alipay in China has developed facial recognition technology that allows people to pay in-store without needing cards or other devices. Instead, the user scans their face at the kiosk and enters their mobile number. The developers say they have an accuracy rate of 99.8%. At the forefront of mobile and payment technology, China paves the… Continue reading Using facial recognition for in-store payments? A video showing innovation in payment from China
Paying by cheque – upgraded to the age of digital
Some banks have recently started allowing users to pay in a cheque using their mobile app. Recent rule changes mean that by the end of 2018, instead of sending the cheques to a physical location to be processed and cleared (which can take six working days), they will have to be digitally cleared instead. For… Continue reading Paying by cheque – upgraded to the age of digital