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Zimbabwe’s Cash Shortage Hits Mobile Money Services
Mobile money transfer agencies in Bulawayo have in the past few days recorded low business due to the cash crisis that hit the country in recent weeks.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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TransferTo, Barri Partner to Provide Mobile Money Transfers in El Salvador
Barri Financial Group, a U.S.-based money transfer service provider, has signed a strategic partnership with TransferTo, a B2B mobile payment network, to enable real-time mobile money transfers to Tigo Money accounts in El Salvador.
- Categories
- Technology
- Region
- Latin America
- Tags
- fintech, remittances
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Connectivity for the Bottom Billion: A Call for Collective Action
In the developed world, we take the universal availability of the Internet largely for granted. That connectivity in turn creates tremendous opportunities and benefits for individuals and businesses alike. What we often forget is that less than half of the world’s population has access to the Internet. Most of the 4 billion people who live in an unconnected world live in developing countries in Africa and South Asia. The problem is particularly acute for the billion people with the lowest incomes, who tend to live in rural areas of developing countries where there is little or no infrastructure to provide connectivity. This lack of access to connectivity leaves billions cut off from the Internet and thus the ability to use it to improve their lives and economic situations.
- Categories
- Technology
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Safaricom of Kenya Talking to Banks to Grow Mobile Money
Safaricom Ltd., Kenya’s largest company by market value, is in talks with 19 banks in the East African nation to increase users of its mobile-money transfer platform, Chief Executive Officer Bob Collymore said after the company posted higher annual profits.
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- Technology
- Region
- Sub-Saharan Africa
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Viewpoint: In Global Shift, Poorer Countries Are Increasingly the Early Tech Adopters
Historically, industrial revolutions haven’t been kind to poor people. Despite the potential benefits technology can offer, the immediate impact on the lowest-paid members of society has often been negative. If it wasn’t putting people out of work, then technology was usually endangering them through hazardous working environments or long-term exposure to pollutants. And even today there is evidence that technology-driven economies are favoring just a small group of successful individuals, and thereby exacerbating inequality.
- Categories
- Technology
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Why M-Pesa Failed in South Africa
South Africa's largest mobile phone operator Vodacom has announced it will be scrapping its M-Pesa mobile money transfer system in Africa's second-biggest economy.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Kenya Revenue Authority Now Targets Mobile Money to Smoke Out Tax Cheats
The Kenya Revenue Authority (KRA) is seeking access to individual and companies' mobile money transaction records in a move that is intended to open a new front in the fight against tax cheats.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Sports Betting in Kenya Lifts Vodafone Mobile-Money Volumes
Kenyans using mobile-money platform M-Pesa to bet on the outcome of sporting events helped Vodafone Plc’s unit in the East African country boost transaction volumes by 48 percent in the past year.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech