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2017 not rosy for mobile cash in Kenya
“Months of political uncertainty affected economic activity. Many sectors did less business than usual which translated into decelerated growth in payment channels in general,” said Mr Stephen Nduati, former head of national payment systems at the CBK, who now works as an independent consultant on mobile money in Kenya.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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India’s mobile wallet companies feel the pinch of full know-your-customer guidelines
The Payments Council of India, a lobby group for mobile wallet companies, has asked the Reserve Bank of India to withdraw full know-your-customer requirements for them, claiming they would otherwise lose customers.
- Categories
- Finance
- Region
- South Asia
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Telco market debate could see Safaricom split into two
“As you are aware, the Communications Authority of Kenya, (CA) contracted MS Analysys Mason to carry out a competition study of the telecommunication sub-sector with a view to evaluate the competitive landscape of the market,” said the authority in a notice published in national newspapers on Friday.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Global regulators neutral on new rules for ‘hyped’ fintech
Analysts have said banks could become irrelevant as fintech firms become the “face” of financial services, a scenario Basel said seems far-fetched.
- Categories
- Finance
- Tags
- fintech, regulations
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Google’s Tez payments app now lets users handle their utility bills and more
Google’s Tez payment service in India has gotten a major update that allows users to pay their utilities and other bills via the app.
- Categories
- Finance
- Region
- South Asia
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India fintech seeking to raise at least US$87m to grow tech capabilities
AN Indian fintech company is seeking to raise over US$87 million of equity funding to expand its technological and analytics capabilities.
- Region
- South Asia
- Tags
- fintech, venture capital
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Africa’s first bitcoin exchange targets 1 billion users
Luno, founded in South Africa in 2013, has plans to become one of the leading cryptocurrency traders in the world.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- cryptocurrency, fintech
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Viewpoint: Women’s Financial Inclusion Needs a Bigger Fix Than Digital IDs
Until governments and banks tackle issues such as corruption, low informal sector wages and female illiteracy, digital ID systems like Aadhaar will do little to improve the financial inclusion of poor women in India, says economist Debdatta Saha.
- Categories
- Finance, Technology
- Region
- South Asia