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Safaricom launches innovation center to move beyond M-Pesa
Named Safaricom Alpha, a priority of the incubator is to identify spending patterns on mPesa and turn those insights into additional Safaricom products — according to Chief Innovation Officer, Kamal Bhattacharya.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, incubators
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Press release: Indonesia Takes First Steps Towards a Digital Fiat Currency Solution with eCurrency
The digital fiat currency solution initiative is to be part of Indonesia’s FinTech regulatory sandbox designed to promote and facilitate financial technology innovation in the country. While multiple mobile money solutions exist in Indonesia, the lack of interoperability and challenges to regulate them have hindered the adoption and development of digital financial services and true financial inclusion for all Indonesians. The eCurrency solution overcomes these challenges.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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This Blockchain-Based Energy Platform Is Building A Peer-To-Peer Grid
WePower is yet to launch, but its proposition is radical. On one side, it’s gathering together producers of renewable energy, including solar, wind and hydro plants. On the other, it’s signing up investors who pay upfront for the right to consume electricity generated by those plants.
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Apple mulls introducing e-payment services in India
India's mobile phone payments market is riding on the wave of surging internet usage as more people get online to buy books, mobile phones, accessories, and apparels. According to a Boston Consultancy Group report, the country's digital payments industry will be worth about $500 billion by 2020.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital payments, fintech
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IBM launches blockchain partnership for improved cross-border payments
Working in collaboration with technology partners Stellar.org and KlickEx Group, the innovative solution is intended to improve the speed in which banks both clear and settle payment transactions on a single network in near real time.
- Categories
- Finance
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How tech has relaxed Mumbai’s monopoly on finance
With the rise of tech startups that focus on financial services, the traditional banking landscape is transforming — and Mumbai, Delhi-NCR and Bengaluru are competing to become India's fintech capital.
- Categories
- Finance
- Region
- South Asia
- Tags
- fintech
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IndusInd Bank announces takeover of micro finance lender Bharat Financial
Chairman of the bank, R. Seshasayee, said the two boards met independently this morning and decided to go ahead. It would help develop reach and would be a strong partnership. The two institutions had worked together for many years and were, therefore, comfortable with each other's people and culture, he said.
- Categories
- Finance
- Region
- South Asia
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The Financial Lives of Struggling Americans: The Financial Diaries and The Unbanking of America
Elisabeth Rhyne of the Center for Financial Inclusion at Accion reviews two new books that take a look Americans' increasingly precarious financial lives. Both books examine America's top economic challenge – the crumbling of the economic foundation for many working-class and middle-class families – and they do so through the lens of financial services, an unusual but revealing perspective, Rhyne writes.
- Categories
- Finance
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