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Viewpoint: Facebook’s Libra Cryptocurrency Could Be Great, if Not for Facebook
Libra is the evolution of that early goal, now with grander ambitions. Facebook wants to completely reshape how people make online payments. By detaching from currencies like the U.S. dollar, Libra could bring instant, low-cost digital payments and transfers to anyone with a phone
- Categories
- Finance, Technology
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Viewpoint: Who’s Going to Use the Big Bad Libra?
There is so much to write about Libra, and so much which has already been written misses the mark, mostly, I think, because most pundits haven’t spent much time in the developing world, which is very clearly the target market here.
- Categories
- Finance, Technology
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As Tech Cold War Looms, Chinese Internet Giants Like Alibaba and Tencent Tackle Emerging Markets
Chinese internet titans are entering an era of global expansion, another phase of their exponential growth.
- Categories
- Finance, Technology
- Region
- Europe & Eurasia
- Tags
- digital finance, fintech
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Orange Eyes Ethiopia Move in Battle for New African Market
Orange SA is considering a bid for a minority stake in Ethiopia’s state-owned phone monopoly as Africa’s second-most populous country prepares to welcome foreign telecommunications investors for the first time.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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African Fintech Dominates Catalyst Fund’s 2019 Startup Cohort
The organization announced its 2019 startup cohort and three out of the four finance ventures — Chipper Cash, Salutat and Turaco — have an Africa focus (Brazil-based venture Diin, was the fourth).
- Categories
- Finance, Investing, Technology
- Region
- Sub-Saharan Africa
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Moving Beyond Credit: Why Savings Should Take Center Stage in Digital Financial Inclusion
As mobile money continues to overtake traditional banking in emerging markets, putting financial services within reach of the unbanked, credit remains front and center in the conversation. But Buhle Goslar at JUMO says it's time to focus on an important yet underutilized tool that could help promote a well-rounded, healthy financial life for excluded customers – savings. She details how new tech and training programs can go beyond simple access and towards a new culture of savings.
- Categories
- Finance, Technology
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Facebook Plans Own Mobile Money Wallet Based on New Libra Currency
Facebook has released more details of its planned currency Libra. The first product will be a digital wallet designed to make it easy to save, spend and transfer money over the internet. The wallet will be available in Messenger, WhatsApp and as a standalone app, with an expected launch in 2020, the company said.
- Categories
- Finance, Technology
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Uber Thinks Its Data Can Solve Nairobi’s Epic Traffic Jams
With more than 4.5 million people, traffic congestion in the Kenyan capital can be maddening, especially during peak hours. Rapid urbanization, a rise in the number of car owners, poor infrastructure, and an ad-hoc system of colorful matatu busses are jamming up the city’s streets, making them dirtier and deadlier than ever before.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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