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Mobile money flourishing in Myanmar
Young migrant workers throughout the country use mobile money to make remittances to families back home. In Myanmar, only 20% of the population has a bank account. Thus, unbanked people often just carry stacks of cash when returning home.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- remittances
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Bank cards show resilience in Kenya despite mobile money dominance
Mobile money has for the last years stifled the growth of plastic money, with many pointing to the death of the cards but new data from Central Bank of Kenya (CBK) showed Wednesday that the latter is in Kenya to stay, the onslaught notwithstanding.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Why Alternative Lending Struggles to Scale in Emerging Markets – And What Fintech Companies Can Do About It
Fintech models have proliferated in most developing countries, but alternative lending has struggled to gain scale. That's why FIBR, a project by consulting firm BFA in partnership with The MasterCard Foundation, is bringing together fintechs and banks to use networks of small businesses – shops, clinics and even local schools – to deliver digital financial services to low-income customers.
- Categories
- Finance, Technology
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Philips India unveils ‘Affordable technological solutions’ on wheels
Recognizing the need of healthcare solutions for patients in Gujarat, the program is designed to meet the customers across cities and visit them with Philips products and solutions. The special vehicle showcasing state-of-the-art technologies from Philips Healthcare, will travel across key cities in Gujarat for the next 30 days, before moving on to Rajasthan and other parts of India.
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- Health Care, Technology
- Region
- South Asia
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Five countries to watch for e-payments
A study shows that 34% of Europeans and 38% of Americans would be willing to go cash-free if they could, Reuters reported. In Asia, China is an early adopter of digital payments, with 95% of Chinese using smartphones and mobile wallets to pay for goods and services.
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- Technology
- Region
- Asia Pacific
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Opinion: India must break out of its internet connectivity conundrum
India has among the world’s lowest data communications tariffs... But in India, the world’s lowest data tariffs are not resulting in the world’s most connected society. However low data tariffs are going in India, because of the vast numbers of people living at the “bottom of the pyramid” in extreme poverty, India doesn’t seem to be able to catch up with other Asian countries when it comes to progress in democratization of the internet.
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- Technology
- Region
- South Asia
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Simpa Networks launches PAYG Solar Television in India
Simpa Networks, a company providing affordable solar power to households and businesses in rural India, today announced the launch of Magic TV, which the company calls the "country’s first solar-powered Pay-as-you-Go (PAYG) satellite TV solution."
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- Technology
- Region
- South Asia
- Tags
- solar
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Digital payments is India’s new currency
Digital transactions have trebled and quadrupled in volume and value across various modes from wallets to cards and interbank transfers from a year earlier. Card transactions at point of sale (PoS) terminals at merchant locations have surged, reflecting a positive for the economy as more people start using their de bit cards for payments rather than for withdrawing cash at ATMs.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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