
In-game charity donations
PlayMob, the firm that developed GiverBoard, a product that lets charities to raise money in-game via micro payments, has secured £500,000 funding from NESTA and Midven, alongside angel investors. PlayMob will use the money to expand its employee base from 8 to 13 and enhance its product development. GiverBoard links virtual goods in games to charitable donations, such as linking a tractor bought in Zynga’s Farmville to crop initiatives in developing countries. The minimum donation from developers is 50% of the value of a virtual good. PlayMob charges a flat fee of 10%.
Whitepapers
Related reading
Central banks best suited to issue digital currencies
By Aaran Fronda A recent report by the Official Monetary and Financial Institutions Forum (OMFIF) said that central banks rather than private ... read more
Instant payments: innovations inbound for corporates
In 2020, instant payments look set to continue their current trajectory to become the biggest trend in payments. While these schemes already offer numerous benefits to corporates, leveraging innovations such as APIs and request to pay will go some way to unlocking their full potential, argues Michael Knetsch
Obstacles exist for banks to meet ECB’s instant payments goal
The cost of joining instant payment platforms will be one of many hurdles banks and payment services providers must overcome to meet ... read more
Banks must be aware of “biases” in data used to train ML models
Financial institutions need to be conscious of biases in the historical data that is being used to train machine learning (ML) models, ... read more