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Nigerian Fintech Startup Lands $1.3 Million in Investments
Nigerian fintech startup Paystack, announced today that it has closed in on $1.3 million in seed investment.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Demonetisation and digital transactions will never stop corruption in India. Here’s why.
If digital transactions could curb corruption and black money , Kenya would have be en the most transparent country in the world. About 75% of the adult population in Kenya uses mobile phones for payments and money transfer. The value of mobile money transactions and transfers per day is equal to 4.5% of annualised GDP of Kenya, as per a report published in an International Monetary Fund (IMF) journal.
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- Technology
- Region
- South Asia
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Nigeria planning to create 3 million new jobs by 2025 from digital financial inclusion
Nigeria is planning to create three million jobs by 2025 from digital financial inclusion according to the Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele. Emefiele said this would be achieved when there is increased adoption of digital financial services, adding that a 90% reduction in the cost of providing financial services is a further goal.
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- Technology
- Region
- Sub-Saharan Africa
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Nigeria sets up a committee to study Bitcoin penetration
The Central Bank of Nigeria (CBN) and the Nigeria Deposit Insurance Commission (NDIC) have set up a committee to investigate the growing trend of bitcoin use, according to the government-owned broadcasting station, the Voice of Nigeria. The news was revealed on Friday by NDIC Managing Director Alhaji Umaru Ibrahim at the 2016 Workshop for Financial Correspondents in Kaduna.
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- Technology
- Region
- Sub-Saharan Africa
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How Bitcoin will (and will not) work in Africa
Digital money can be traced when payments are made, providing transparency and trust in transactions. It can be managed by more than one party at a time (such as a mobile operator and a user), it can’t be easily stolen when it’s stored or transferred, and it can “travel” any distance in seconds.
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- Technology
- Region
- Sub-Saharan Africa
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Kenyan Banks Are Closing in on What They Think Will Be the Perfect M-Pesa Disruptor
Early next year, Kenyan banks are expected to unveil a digital and mobile money transfer platform to rival M-Pesa’s longstanding dominance as the scramble for cashless payments intensifies.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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India’s Largest Mobile Wallet App Disappears From the App Store
With new users comes new responsibilities. India’s largest mobile wallet app is quickly realising this in both good and hard ways.
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- Technology
- Region
- South Asia
- Tags
- fintech
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Where Science, Schools, and Social Entrepreneurship Meet
In a small workshop, hidden away on Pune’s NDA road, a demonstration is under way. A supervisor draws diagrams on a white-board, watched closely by a group of four or five employees. Shelves line the walls, displaying a variety of science models on bases made of black acrylic fibre; more acrylic sheets are stacked to one side; a DC motor vies for space with a conductivity tester, a beam balance and a large yellow plastic ball (intended to explain how the human retina functions). All told, this workshop produces 81 such models, covering around 540 concepts of science for students from the third to the tenth grade.
- Categories
- Education, Technology
- Region
- South Asia