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E-wallet Companies Struggle in India, as Initial Euphoria Dies Down
After a flurry of activity with almost two dozen companies launching prepaid wallets in the last couple of years, the initial euphoria around wallets may be dying down. Many players — with the exception of dominant Paytm or -owned Freecharge — concede that the numbers of wallet users is stagnating and companies are struggling to get existing users to transact more using their digital money.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Tanzania’s State-Run Telco Ventures Into Mobile Money
The State-run Tanzania Telecommunications Company Limited (TTCL) is now venturing into mobile money transfer services as it seeks to enter the competitive market that already has four players.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Why Cash Will Remain King, Even in the Promised Land of Digital Money
If you talk to tech companies, telecom companies, and even some NGOs, they will tell you that the future of money in Africa is based on technology.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Remitly Raises $38.5M to Expand Mobile Money Transfers Globally
Remitly, a Seattle startup that helps immigrants send money home, has raised a $38.5 million funding round and announced it will expand to Canada.
- Categories
- Investing, Technology
- Tags
- fintech, remittances
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How Social Entrepreneurship Is Making a Difference in the World
We have grown accustomed to the Silicon Valley zeal driving startups to develop new technologies that will disrupt the market in yet another way.
- Categories
- Technology
- Region
- South Asia
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New Study Reveals Massive Scope for Mobile Growth in Kenyan Retail Market
A new Nielsen Study on Kenyan Retailers and Technology reveals that despite the massive uptake in mobile usage in Kenya, there is still significant scope for growth in the market, particularly in the retail environment.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Vodafone M-Pesa Reaches 25 Million Customers Milestone
Vodafone M-Pesa now has more than 25 million active customers, marking another year of accelerated growth for the innovative mobile money transfer service, it was announced today.
- Categories
- Technology
- Tags
- fintech
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Consuelo Offers Blockchain-Powered Microinsurance to Migrant Workers
Bitcoin and blockchain technology have the ability to bring financial services to the unbankedthat otherwise would be unavailable to them. Mexican mobile payments platform Saldo.mxallows to pay for their loved ones’ utility bills across borders. Saldo recently debuted a microinsurance service, Consuelo, to allow users to easily use a fixed health and life insurancepolicy.
- Categories
- Technology
- Tags
- digital payments, fintech
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