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Finance Services

Financial Inclusion and Digital Payments

A Good Digital Payment Ecosystem: Characteristics and Recommendations

A good digital payment ecosystem is one that enables financial inclusion, an ecosystem that allows all citizens to participate in the growth and development trajectory of the economy.

The key stakeholders in the digital payment scenario are numerous – internet service providers, payment system operators, technology providers, mobile network operators, banks and retailers form the actual players in the market. The digital transaction system allows banks to increase their customer base with lower costs and risks. According to Booz Allen estimates, banks can reduce cash logistics by 10% through use of cashless payment transactions. Telecom and internet service providers gain by increasing customer retention, higher revenues through value added services etc. Retailers and service providers benefit through fast access to a larger base of customers, better payment collections etc. There is a synergy between the digital world and the financial world that needs to be exploited successfully to give the final benefit to the consumer. However, at the same time the government and regulators of banking, telecommunications, payment systems, competition issues, anti-money laundering, all form the environment in which the digital payments business model functions.

Given that the business of digital transactions is new and unfamiliar, governments and regulators tend to be cautious about allowing innovations that may disrupt financial stability of the economy. As has been emphasized in the previous sections of this paper, while on one hand financial inclusion is the stated objective of governments, and new technology has been widely accepted as a tool for financial inclusion, regulatory and supervisory concerns have inhibited the development of digital payments in many countries, including India. For a new product market to develop, it is important that the enabling environment be one which blends legal and regulatory openness and certainty – openness will allow innovation to flourish while certainty will give confidence to entrepreneurs to make investments. Thus the markets which develop fastest are those which are in environments that are moving towards greater openness and greater certainty. The most crucial issue here is to ensure that the market remains open and competitive for entrepreneurs to take up new business models. The key characteristics have been mentioned and discussed at various points in the preceding sections. These are:

1. Ensure entry by ensuring a high degree of inclusiveness in types of service providers, ensuring a level playing field, and also ensure that both large and small players can enter the industry.

 

Inclusiveness: Both banking and non-banking entities should be encouraged to enter the industry.

The basic concerns of regulators in the financial sphere revolve around (i) maintaining financial stability, (ii) raising economic efficiency, (iii) increasing access to financial services, (iv) ensuring financial integrity, and (v) ensuring consumer protection, and (vi) ensure rapid accessibility of such services for the masses with heterogeneous requirements.

Given the focus of financial regulators to ensure financial stability, it is but natural for them to have a bank focus. But, disruption to financial stability deals with systemically important payment systems, and not retail payment systems, especially of micro-magnitude. This distinctiveness of retail and micro-amounts should be well understood to avoid stifling innovation that has the potential to help the masses of the country. Consequently there is no need to limit this industry only to the banks.

According to the Bank of International Settlements, one of the main objectives of payment regulation is to address those legal and regulatory barriers to market development and innovation. It is for the RBI and other regulators to work towards this end, so that the potential of technology can be exploited to the full in meeting the goal of financial inclusion.

Level playing field: The close links between the network service providers and the consumer should not provide inordinate advantages to those companies at the cost of other players. For instance, currently the mobile phone is considered the most potent tool of financial inclusion. However the mobile industry is characterized by only a handful of operators both in India and abroad. Given the close links between the consumer and the mobile service provider and the tie-in of the consumer to the service provider, a monopolistic digital transaction industry would be a likely outcome if a level playing field is not created.

A digital-payment platform set up by the service provider should be open to other account holders within a specific agreed time period, and new entrants should be allowed to use existing payment infrastructures. Just as landline users can choose between different long distance providers, so too must regulation ensure that various financial service providers can access the user.

Large and small: The digital transaction eco system should involve, and not keep out, small firms.

Large firms should not derive undue advantage from regulatory prescriptions. This is important for many reasons. Take for example Micro-finance initiatives and how they can leverage the intra-communities ties for lowering cost of credit. Whether we have MFIs or bank correspondents, or private money-lenders, or NGOs, or other entities operating in small distinct communities, such entities need not be debarred from providing their services to their users through digital means.

Though certain prudential norms would be essential, they should not follow a one size fits all approach and, depending upon scale and scope of their operations, their regulatory requirements also need to be appropriately structured.

2. Ensure low cost access for the masses that is integrated with the economy.

Know Your Customer Norms: If digital transactions are to be truly transformational, it is important to bring unbanked customers into the fold of payment systems. KYC regulations put in to ensure financial integrity can hamper the growth of this market and hence affect the aim of financial inclusion.

According to RBI guidelines, mobile payment services to be offered by banks are not only restricted only to their customers, but also to those customers who are KYC/AML compliant. Since subscription to a mobile phone also involves identity checks, this is a duplication of effort and can given rise to inconsistencies in norms. Standardizing the system of compliance across digital and financial worlds will also help sharing of data and information. These may seem as small glitches now, but can appear as roadblocks later on retarding the goal of integrating the latest digital technology with financial services. Discussion on evolving systems is important to keep abreast of technological and market developments.

Integration: Facilitate a variety of services that are easy to integrate with all sectors of the economy.

In the digital transaction market, there is a significant coordination problem that arises due to the overlapping role of multiple regulators of banking, telecom and payment system supervisors, competition and agencies involved in monitoring activities of money laundering and fraud. The problem is compounded because of the dynamic nature of the industry and continuously evolving technology. This means that the regulators have to be flexible, be quick on the uptake to change when needed and deliver appropriate regulatory orders in a coordinated and consistent fashion.

3. Ensure that the system can serve heterogeneous requirements

Inherent flexibility: A one size fit all approach that is currently the practice in banking regulation needs to change to become more flexible and adapt to the different needs of the consumers at the bottom of the pyramid, who are a highly heterogeneous group. The terms ‘masses’ and ‘under-privileged’ are a highly heterogeneous segment. They include self-employed and unemployed, cultivators and land-less laborers, literate and illiterate, nuclear households and joint families, indeed the range is large. And so are the requirements.

Conclusion: Financial inclusion is recognized as a goal by all policy makers as the economic growth and development story will remain incomplete without participation by the poorest of the poor. Evolving technology has changed the landscape of the financial world as digital payments bring with them significant efficiencies. Further, with the fast adoption of mobile phones and spread of the networks, costs of making transactions have been significantly reduced. Experiences in other countries and modern technology shows that the future lies in involving non-bank institutions as intermediaries. While vigilance is justified when confronted with new, unfamiliar systems, stifling innovations and market developments through extreme caution will only retard the growth trajectory of the economy. The policy makers should therefore work towards providing an environment where all stakeholders can perform the functions they do best. An added problem in the digital payment space is that the overlapping roles of multiple regulators leads to coordination failure and this should be well understood by all policy makers. The need of the hour therefore is to work with clarity and consistency and speed up the process of moving towards greater openness and greater certainty in the digital payment sphere.

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Manage Finance

Finance Companies In Orlando, FL – The Top 10 List

Can you live without Finance? I can bet you can’t. Here is a Top 10 of Finance Companies in the Orlando, FL area. This list was compiled and ordered by how frequently the Finance Companies’ information is kept in people’s digital address books. The Finance Companies that are used more frequently are stored more frequently. The No.1 Finance Company on this list has been stored the most amount of times by Orlando residents. Generally, people only store a business’ information in their address books if they are satisfied with the provider’s service and wish to engage in repeat business.

The 10 most popular Finance Companies of Orlando:

1. Mortgage Architects Incorporated (1066 people stored this Finance Company in their digital address books) (407) 737-3552 3361 Rouse Rd Ste 140 – Orlando, FL 32817

2. Corporate Management Advisors Incorporated (1044) (407) 869-1817 785 Douglas Ave – Altamonte Springs, FL 32714

3. Lsq Funding Group Lc (758) (407) 206-0022 1403 W Colonial Dr – Orlando, FL 32804

4. Central Florida Home Equity (363) (407) 660-2220 1001 N Lake Destiny Rd – Maitland, FL 32751

5. Rj Twitty & Company … (257) (407) 622-1888 400 S Park Ave – Winter Park, FL 32789

6. The Cit Groupconsumer Finance (214) (407) 660-1440 901 N Lake Destiny Rd Ste 376 – Maitland, FL 32751

7. Trinity Financial (198) (407) 523-1980 933 Lee Rd – Orlando, FL 32810

8. CFO Strategic Partners (194) (407) 426-8288 811 N Magnolia Ave – Orlando, FL 32803

9. Capital Corporation Merger & Acquisitions Incorporated (193) (407) 540-0142 390 N Orange Ave Ste 800 – Orlando, FL 32801

10. Golden Florida Management Incorporated (162) (407) 331-4300 115 Maitland Ave – Altamonte Springs, FL 32701

Finance Companies are happily ready to lend their clients the money they need to help them cover up any emergency demands they might experience.You can borrow money on the strength of your next payroll check. The loan you have borrowed is generally debited from your account. But, be very careful in choosing right and trustworthy Finance Company or else you’ll find yourself up to the neck in debt. This List is made to help you to find Finance Companies in your locality.

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Franchises

Margo Shirt – Course Sablon

Margo Shirt provides franchise / business opportunity in Indonesia in Fashion Industry, especially in Course Sablon service. This business property is 100% yours and Margo Shirt will be glad to help you during your business career.

MK STUDIO SPS (Screen Printing Syndicate) Place of training (courses) build manual T-shirt screen printing business in Yogyakarta, cheap printing courses online and offline, not just learn but develop business to print T-shirt with a professional waterbase ink.

Screenprinting T-shirt with the manual way is still irreplaceable position this time. Some of the work from participants are already quite good and classy, for seniors who already make a stencil t-shirts like this might be very ordinary, but for a new course participants can screen printing t-shirts of course this is making them happy.

Shirt Printing business opportunity field still wide open, time for you to take part in it, three field of business at once can be yours :
– Have a business in manual shirt printing course field
– Have a business in manual shirt printing services
– Have a business in manual shirt printing equipments sales

Requirements to Become Partner :
– Interested in the world of manual screen printing shirts
– Have or are willing to provide a place of business
– Able to use software Corel X3 and Photoshop (not necessarily skilled)
– Familer with internet
– Willing to follow the instructor level training for a full month
– Honest, responsible and tenacious
– Preparing accompanied by at least 1 year working with the system that we have made
– Willing to buy packages of equipment and pay for training for 1 full month of Rp. 12 million
– Free royalty fees, full effort into your own

Address : Jl. Polowijan No. 21, Kadipaten Kidul, Kadipaten, Kraton, Jogjakarta

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Business Benefits

Benefits of Financing Your Business Equipment

The advantages of financing are greater than ever. Any business or organization can benefit from these advantages which include reduced costs, simplified budgeting, credit preservation and flexibility. When it is time for your business to make a financing decision, equipment financing allows you to take full advantage of business opportunities while enjoying critical flexibility and investment protection.

More for Your Money

Many businesses struggle with the need to grow while feeling constrained by a lack of capital. What so many business owners don’t know is that equipment financing can increase your buying power and decrease your expenses. When you finance rather than use working capital, you can afford a more complete solution while making lower monthly payments and paying little or no up-front costs. This leaves your working capital intact while allowing for the needed growth.

The larger the business acquisition, the greater the benefits of financing. For large-scale projects financing can mean the difference between making those changes now and putting them off indefinitely. Putting off necessary changes often means taking your business out of a competitive market position – a position that can be difficult to regain.

Critical Business Advantage

As the business landscape changes on a daily basis, it can be imperative for your own business to adapt and grow to match the market. This is especially true for software and services that are vital but can have large up-front costs. Unfortunately, there are many companies that lack – or think that they lack – the resources required to purchase all of the equipment needed to keep their businesses productive.

Financing can expedite this business transformation by letting you add necessary service capacity, reduce the risk of your technology becoming obsolete and can decrease the total cost of ownership. Equipment financing can provide flexible payment options tailored to your specific budget requirements or timed to match your benefit streams, enabling your company to afford all of the components necessary to maintain a competitive business edge.

Speeding Up Your Business

Other obstacles to keeping businesses moving ahead at an effective pace can include budget constraints and the lack of capital. But emerging markets and those ever present competitors won’t wait for you to catch up. Financing those business purchases means that a lack of capital doesn’t have to cripple your business endeavors.

Equipment financing enables companies to quickly adapt to changing competitive environments, and any business strategy should include access to flexible and competitive financing options. Take some time to research equipment financing companies. The good financing programs offer customers competitive, flexible financing solutions for acquiring hardware, software and any other equipment that your business might need.

Competitive Advantage

It is a simple fact that business solutions are becoming obsolete faster than ever. A customer-focused equipment financing program provides flexible, cost-effective solutions that can help you acquire the technological components that you need to migrate to new business models and to maintain your competitive edge including software applications. This benefit can help ensure that your business never faces the specter of business obsolescence.

You should consider taking advantage of the flexibility that financing offers if your business is in the market for new equipment. This flexibility can help you stay ahead of the technology curve, and ahead of the competition.

A Hedge Against Inflation

With an economy that may seem less than stable, it is important that businesses, especially newer businesses, take advantage of every opportunity that gives them protection against tough economic times. Postponing growth is not necessarily the best way to protect your business as it can result in a loss of customers if you can’t offer them the services that they need or want.

When growth becomes a necessity, equipment financing can allow you to grow the way that you need without making your financial base less stable. The right equipment financing program not only gives you the access to capital that you need for growth but it could also lock in the rates for the loan. This means that you won’t have to worry about your rates falling victim to inflation… ever!

Don’t Fear Financing

The business world can be cutthroat. That’s no secret. So in the quest to keep your own business competitive or to grab a bigger share of the market, don’t let the lack of capital inhibit your plans. It would be nice if we could all expand using only the capital at hand, but that is simply not realistic. Equipment financing can be a very valuable tool and one that offers many benefits. It should not be feared. There are plenty of financing programs available that offer flexible and tailored terms to fit your needs. Do your homework and you will find a lender that will work with you rather than against you. In the long run, that financing could be the most valuable weapon in your business arsenal.

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Entrepreneurs

Raising Ducks

In East Java, one of the production centers and salted duck eggs that are well known in the village of Modopuro, Kirkcaldy District, District Mojokerto.

Modopuro activities in the village is the maintenance of duck, salted egg making, selling fried duck, smoked duck and manufacture. In this village there are no members of the community who are unemployed. Everything from live ducks. In this village, may be said to have income of affluent societies.

Success is contagious Modopuro village to village, including the Village Mejoyo, District Ward, in the same district. Community in this village, like the village life as well Modopuro most of the maintenance of duck. Some are raising laying ducks, duck meat traders, maker of salted eggs, and so forth. Demand for duck meat from the Surabaya, Malang to the surrounding areas Mojokerto continue to increase. Advantage of the salted egg products are Mejoyo Village, salty egg was more sintered, Itiknya feels more savory meat.

Although most of his business has gone well, but many farmers in this village are still having difficulty to raise revenue because the majority of its business is still small scale.

Capital support seems to be expected, but the people in the village trying to find a solution to overcome the obstacles it faces. One way to do this is to form a group of peasant farmers from the 10 to 20 farmers to exchange experiences duck the way of good management. In addition, they also try to seek funding from the financing of its existing microfinance institutions in the district of Mojokerto in groups.

According to one farmer who met the author, Suparmi, said, that the main obstacle in developing a business lies in the lack of capital. Necessary capital used to purchase equipment that is more modern hatcheries, home appliances, building cages, and feeding and other maintenance costs.

Although to date the business activities of the farmers in this village have been made very simple, but passionate community continues burning. Activities undertaken in rural communities is at least able to boost the economy of society, from the relatively weak rural economy slowly but surely into the village of ‘living

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Entrepreneurs

Principal

Principal term in the IT career path may be a bit sparse sound. Terms such as “Principal Software Engineer” or “Principal Network Engineer” has been commonly used in the IT world, it’s just not a lot of people with this designation. Principal here means that the “main” / the top. In addition, not all IT professionals to achieve this level, most companies find it enough to hire a senior level with the expert in the technical aspects. As a result, IT professionals who have reached senior level will shift to management as project manager if you want to achieve higher career.

If we borrow a phrase from one of the famous manga, you could say this is the level of “S-Class” or “Super”. Those who reach this level are considered generally recognized as the most brilliant among the seniors. They are not only considered as “Expert” but also as “Leader” in the field.

The characteristics of this level are:

*    Having all the capabilities of senior level
*    As a point of asking in terms of technology in the field of profession (technology expert and leader) in the wider national and international
*    Often create articles / writings about his profession fields that benefit others
*    Can be trusted to build / develop a standard (set the standards) used in the profession, such as creating a particular design pattern or an effective software development methodology.

One example of this level are those who get the MVP Award (Most Valuable Professional) from a software giant that is not familiar to us, or who holds a CCIE certificate from a vendor largest network.

Salary:
Salary levels can not be ascertained because usually they are special people who besides an important asset in the project is also an important point or “prestige” of an IT company. Some of them could earn more than the project manager.

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Finance Services

Alternative Investments and Pension Funds

If recent stock market activity does nothing more, it shows us that volatility continues to be the name of the game when it comes to investing, as £120 billion is wiped off the value of UK shares alone in the course of four days.

Investors have traditionally employed a number of strategies such as asset allocation and diversification in an effort to reduce risk. But more recently than ever before, the big investment players such as Pension Funds, Hedge Funds and Sovereign Wealth Funds are turning to alternative investments to generate returns that are not dependent on the performance of traditional assets such as equities and bonds.

A recent report by Morningstar and Barron’s; the 2010 Alternative Investment Survey of U.S. Institutions and Financial Advisers, has revealed that institutional investors have allocated more than 25% of their assets under management to alternative investments.

Barclay Capital also recently stated that pension funds have added substantially to their farmland and commodity holdings, with institutional investors expected to hold up to $1 trillion in agricultural assets by 2015, way up from a mere $6 billion held in this asset class ten years ago.

 

Both institutional and private investors are hoping to generate superior returns in order to boost the performance of their portfolios without dramatically altering the over risk profile, and many see farmland and timber as ideal assets in the current economic climate.

Forestry investments generate profits from the production and sale of timber, so investment returns rely on the biological growth of trees, rather than the performance of financial assets. And with farmland, growth in demand for food, feed and fuel is pushing up the price of food, which bolsters farmland incomes and in turn makes productive land a more valuable asset, capturing capital growth.

There is most certainly an appetite for simple, transparent and tangible assets that are unlikely to depreciate as they are supported by solid long term fundamentals nod remain in high demand, and where investment performance is not dependent upon the decisions and choices of Fund Managers or economic or political news. Many investors consider that owning assets within the food, energy, water and commodity markets are likely to prove more profitable than investing in companies as demand for these essential commodities will continue to grow as the population expands at the fastest pace in history.

China recently invested $1.5 billion dollars into a farmland development project in Argentina, bringing investment capital for infrastructure, and technical expertise in large-scale irrigation, in exchange for long-term leases of farmland from the Argentine Government virtually rent free.

Swedish and American Pension Funds have recently committed hundreds of millions of dollar in investment capital to farmland purchases in order to capture inflation in the capital value of the asset, whilst also generating income streams, useful for meeting commitments in the short term to member of their schemes.

So alternative investments may be the order of the day, but barriers to entry do exist for smaller investors, and those considering such investments should seek advice form experienced Consultants.

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Entrepreneurs

Creativity: The requirement in Entrepreneurship

Do not stick just to see glamorous change! You, one among so many people who could bring something new! Think of this as a habit. Since you live in a century of creativity. Creative is the key to winning the competition. There are many concepts of creativity. One of them, taking inspiration from the music, exactly, jazz music. In jazz music, there is the term jam session when musicians did not play a particular song, but the instrument without being tied steady chord songs, free-flowing course. Jamming, John Kao pour inspired his theory in a book that has been circulating in the Indonesian language, “Jamming: The Art and Discipline Business Creativity”.
If jamming can tickle the ears with beautiful music, business too, so maybe take a step outside the usual alternative policies. The result, as in jazz jamming, remains “rhythmic and pleasant”. That analogy theory of Kao in the business world.
Jamming in the business, is a creative endeavor. There is imagination, creativity totality, taking inspiration from the flickering glow everywhere. From there create creative ideas in business development. Who are “sparing partner” of an entrepreneur in the exploit creative ideas? He can be a fellow entrepreneur, even though there’s nothing wrong with other people who are very different from the world of work (not entrepreneurs).

Work “routine round”, “obedient grip”, the highest decision-making level, particularly as the attitude towards the reality of the business center, believed to be a dangerous attitude for business continuity. Routine, grip, grip it, a fetter to the progress. However, do not interpret it wrong. Management of creativity, not the “anti-rules”. Certain rules, must still exist, but its existence is not the creativity. There is an “extreme” in the case of this renewal. For example, computer hardware manufacturers worldwide, intell. Intell, periodically always destroy their old product after the manufacture of new product team creativity results. Similar measures, although “accidental” experienced by the company Unilever. As soon as new products emerge, old products Unilever “automatic” defeated its own new products.

If there’s intell and Unilever examples in this section, two of the big corporate world, true creativity is not a big corporate monopoly. In the small business sector also, creative ideas emerge from reflection and conversation about things that never occurred. It is precisely in small business, creativity should be further developed, as is usually small businesses, have had little human resources. These points so that small businesses are relatively more compact people, so the transfer of new creativity can quickly flatten. In a small business creativity shorter transfer path. An innovator in the short time he was able to directly transfer the new findings to all those who worked with him. Not impossible, for the transfer of new findings, it could well trigger the growth of creativity.

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Franchises

Alex’s Salon Professional

Alex’s Salon Professional provides Franchise in Indonesia in Salon Industry. They offers various products in Salon Industry and now the already have some branches in Indonesia.

A beauty salon or beauty parlor (or sometimes beauty shop) is an institution dealing with cosmetic treatments for men and women. Other variants of this type of business include hairdressing salons and spas.

There is a difference between a beauty salon and a hairdressing salon and although many small companies offer both types of applications, beauty salons have become more involved in the face and body treatments.

If you’re interested to open business in Salon Industry, you can contact them for the detailed information about the Franchise Opportunity.

Estimated Franchise Investment : Rp. 250 – 500 Million