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The Exciting Promise of Digital Payments in Peru
With almost 80 percent of Peruvians lacking access to a bank account, it’s clear why Peru’s government has committed so many resources to advancing financial inclusion. However, roughly 65 percent have mobile phones. Recognizing this, the National Strategy focuses on connecting those who have phones to financial services through digital payments adapted to the needs of the population.
- Categories
- Technology
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Report: Tanzania, other developing countries fail to gain from digital wealth
A new World Bank report says while developed economies have immensely benefited from digital technologies, Tanzania and many other developing countries have not.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- employment, mobile finance
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Mobile Money Set to Disrupt International Remittances Market
Amdocs (Nasdaq:DOX), the leading provider of customer experience solutions, today released the results of a new survey examining consumer attitudes towards different ways of transferring money internationally. With the World Bank citing that the international remittance market is expected to reach $610 billion1 this year it represents an attractive, fast-emerging revenue stream for mobile financial services providers.
- Categories
- Technology
- Tags
- fintech, remittances
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Regulation Should Preserve Benefits of Digital Currency
The International Monetary Fund (IMF) has released a staff paper that examines the risks and use cases of virtual currencies such as bitcoin, recommending a balanced regulatory framework that will not stifle innovation.
- Categories
- Technology
- Tags
- regulations
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Inside Facebook’s Ambitious Plan to Connect the Whole World
The stern woman behind the press desk at the United Nations is certain I’ve made a mistake about the person I’m here to see. “Mr. Mark Zuckerberg?” she says. “Who’s he?” He’s an Internet executive, I tell her. He started Facebook. It’s the second week of the United Nations’ General Assembly. Several hundred reporters crowd into the press holding area. Nearby, on the main plaza, heads of state stroll by. In this place, it seems, Mark Zuckerberg might as well be Mark Smith. She checks her dog-eared schedule, then makes a call, enunciating into the receiver: “ZOO-ker-burg. Mark ZOO-ker-burg.” Silence. “Yes, the Facebook guy.” More silence, during which it occurs to me the UN is like the opposite of Facebook. If it had motivational posters on the wall, they’d read: Move slow and break nothing. Finally, she hangs up and turns back to me. Zuckerberg is on the program after all, she concedes, speaking just before German chancellor Angela Merkel.
- Categories
- Technology
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Mobile Money Fraud Hits Rural Kenya Residents Hard
Mobile money has made lives easier for most people in Africa, but this has not come cheap for the users with con tricksters forever devising means and ways of stealing the money. In Kenya, for example, con men are applying tricks that are more advanced than service providers and users.
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- Technology
- Region
- Sub-Saharan Africa
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Will India Go Cashless If Mobile Payments Take Off?
As soon as Binod Upadhyay arrives at a destination he immediately turns round to check if the customer is pulling out a wallet or a mobile phone.
- Categories
- Technology
- Region
- South Asia
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Israel to Provide India With Better, Cheaper Health Care
Already close collaborators in areas like defense and agritech, Israel and India will soon be working together on health technologies, through the good offices of the World Bank’s International Finance Corporation.
- Categories
- Health Care, Technology
- Region
- South Asia
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