Jun 01

Ambar Sur writes for ET Telecom

Mobile as a proxy identity for international payments

by Ambar Sur, Founder & CEO, TerraPay

Identity in a borderless digital world

Digital identity is the essential founding block of borderless e-commerce. As dealings are conducted remotely, without personal interactions or without any history of personal acquaintance, the ability to verify transacting entities in a simple manner assumes a crucial role in global transactions. International e-tailers have registered strong sales growth, for example, as online shoppers become increasingly confident with entrusting transaction credentials (credit-card details) to online services providers. The payment instrument functions as a source of funds and more significantly are a proxy for verifying the identity of the paying customer. Read on