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Bill & Melinda Gates Foundation Releases Open-Source Software to Support Efforts that Expand Access to Financial Services in Developing Countries
Current data from the World Bank shows that nearly two billion people in developing economies lack bank accounts and miss out on the benefits and security that basic financial services provide. Digital financial services, such as mobile money on cell phones, have rapidly expanded over the last two decades because they are convenient for users and cost-effective for companies aiming to serve new markets.
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Emerging markets drive uptake of digital payments
The World Payments Report 2017, produced by global IT consultancy Capgemini and BNP Paribas, the banking group, also estimates that volumes generated by emerging economies will grow by 19.6% – or three times the rate of mature economies.
- Categories
- Finance
- Tags
- digital payments, fintech
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One nation, under code: How India leads the way in the interoperability of QR code for payments
Thanks to Paytm, the use of QR code as a form of mobile payment made an entry and has begun to impact. The black-and-white sign is sported by kirana stores, vegetable carts and tea stalls all over the country. In the aftermath of demonetization, Paytm made it ubiquitous in their attempt to sign up merchants for acceptance of Paytm wallet.
- Categories
- Finance, Technology
- Region
- South Asia
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Ecobank launches mVisa across 33 African Countries
Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers. The strategic tie-up signals interoperability on a cross border level - and potentially huge gains - as it affords consumers with the ability to use their mobile phone to directly access the funds in their bank accounts to pay person-to-merchant (P2M) or person-to-person (P2P).
- Categories
- Finance
- Region
- Sub-Saharan Africa
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How Fintech and Payments Innovations Will Disrupt Global Ecommerce
With the growth of international ecommerce platforms like Shopify and Magento and payment platforms like PayPal and Stripe, the barriers to ecommerce are crumbling, giving life to new businesses, opening up new revenue streams for established players, facilitating economic trade, and driving technology advancements worldwide.
- Categories
- Finance
- Tags
- digital payments, fintech
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New UN report reveals momentum for digital payments in Ghana could save over $230M within next four years
With 37 percent of the value of all payments now made digitally, Ghana is on course to be a leader in the region, with great potential to expand economic opportunities for businesses
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Why Google Launched Tez Instead of Android Pay in India
It's certainly logical for Google to launch a mobile wallet for India's 300 million smartphone users. But it also might seem odd to introduce Tez instead of Android Pay, which already has footholds in Asia in Hong Kong, Taiwan, and Japan.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments
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Telcoin wants to bring cryptocoins to the ‘unbanked’
There were more than 900 cryptocurrencies floating around the planet midway through the year, with a jumble of serious and weird names (InsaneCoin. Cabbage. VGINA). And now here’s another one: Telcoin.
- Categories
- Finance, Technology