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Samsung to launch mobile payment wallet Samsung Pay in India soon
South Korean tech giant Samsung is planning to launch its mobile payment wallet in India in the first half of 2017, media reports said.
- Categories
- Technology
- Region
- South Asia
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Farmers’ credit rating app startup gets Safaricom funding
FarmDrive, a startup firm which helps farmers gain access to cheap credit, has received an undisclosed capital injection from Safaricom’s Spark Fund.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Kenyan Central Bank Lets Banks Run Own Mobile Money Platform
The Central Bank of Kenya (CBK) has given six banks the green light to launch a mobile money transfer platform, Business Daily reported.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Viewpoint: Mobile Money’s Potential is Unfulfilled
The mobile phone is a central component to unlocking access for the billions of people still excluded from the mainstream of financial services. Its potential is widely understood. But while use of entry-level smartphones has accelerated, access to mobile money services and use of these services remain challenging in many markets.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Global Health Leaders Seek New Ties to Tech Industry, While Aiming to Avoid ‘Innovation Addiction’
It’s easy to see global health as a far-off issue, one that doesn’t have much impact outside isolated parts of the world. But at a symposium on global health today at the University of Washington, leaders in the field argued just the opposite.
- Categories
- Health Care, Technology
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IBM to Train 25 Million Africans for Free to Build Workforce
International Business Machines Corp. is ramping up its digital-skills training program to accommodate as many as 25 million Africans in the next five years, looking toward building a future workforce on the continent.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Pakistan government to launch $130m financial inclusion project
The government is embarking on the Pakistan Financial Inclusion and Infrastructure Project aimed at increasing access to financial services for households and businesses by improving usage of digital payments in the country. Two World Bank institutions — International Bank for the Reconstruction and Development and the International Development Association — will jointly provide $130 million finance for the project.
- Categories
- Technology
- Region
- North Africa & Near East
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Yet again, China’s Alibaba pumps Paytm with fresh funding of $200 mn
To help boost Paytm’s e-commerce business, Alibaba will reportedly be making an investment of $200 million which will give Paytm a valuation of about $1 billion. Alipay, the payments affiliate of Alibaba, and investment firm SAIF Partners have also participated in the deal, reportedly.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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