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Mobile wallet Mobikwik’s cash-back scheme runs afoul of Indian regulators
Mobile wallets company Mobikwik has withdrawn a scheme where it offered a “6% annual profit” to customers who maintain a monthly balance of at least Rs.5,000 in their mobile wallets.
- Categories
- Technology
- Region
- South Asia
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The incredibly brilliant way people are now paying for things in Asia
In recent years, millions of people have grown accustomed to using messaging apps to communicate. Some of these apps now support person-to-person digital cash transfers. So the next step is pretty logical.
- Categories
- Technology
- Region
- Asia Pacific
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African Data Prices Falling, Income Rising
Africa’s mobile Internet market has grown steadily over the last decade and new forecasts show mobile data revenue will double over the five years to 2019—topping $22 billion, according to Quartz. Mobile voice revenue, by comparison, is expected to grow by 10 percent in the same period.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- mobile finance
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Heart monitoring device wins top African prize
A portable heart diagnostic invention has won its developer — Cameroonian Arthur Zang — Africa prize for engineering innovation.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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BETWAY enters Ghana’s market with cashless sports betting
Leading international sports betting outlet BETWAY has entered the Ghanaian market with cashless betting. The web/mobile-based betting system runs on the regular mobile money platform of the various telecom companies in Ghana.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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U.S. Tech Giants Flock to Africa to Compete for Digital’s “Final Frontier”
Not so long ago, Big Business saw Africa as a charity case. Much of the investment by multinational corporations across the continent was geared more toward burnishing corporate sustainability programs—building schools, planting trees, offering occasional internships—than gearing up for future growth. Today the picture has changed radically. In the past few years, U.S. technology companies have begun to invest heavily in Africa.
- Categories
- Investing, Technology
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Creating a Less Taxing Climate for Off-Grid Solar Energy
As countries are seeing the huge power and potential of decentralized renewables – such as off-grid solar – to combat energy poverty, taxes and tariffs on quality distributed energy products are no longer certain at all, and the trend looks set to continue.
- Categories
- Energy, Environment, Technology
- Tags
- off-grid energy, solar
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Cashless in India: 50 days’ journey of a fintech professional
Are you sure you want to do this? Richa, my wife asked as I shared my idea to undertake an experiment in which I will stop using cash and instead use only digital forms of payment. Colleagues said going cashless in India is difficult and that I wouldn’t be able to manage more than a week. All this and the fundamental question “As a believer in digitization of cash, am I just propagating the theory or do I really understand the consumer side of story?” With this started the quest to understand “Cashlessness” first hand.
- Categories
- Technology
- Region
- South Asia