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Nigeria Loses N197 Billion to Financial Services Fraud Annually – Osinbajo
Osinbajo, who was represented at the event by Barr. Bolaji Owoseye said the positive developments in the nation's telecom sector attract new dangers because fraudsters have also infiltrated the system to compromise telecom platforms, thus putting all these positive outlooks from mobile money and financial services at risk.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Ugandans continue to boycott OTT tax, transact less mobile money
Regarding mobile money transactions, while the amount of money deposited in digital wallets has grown, people have reduced on the number of transactions they make.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Kenya’s Safaricom’s overdraft service exceeds expectations
Started 11 years ago as a service to allow Kenyans without access to the banking network to transfer money via mobile phones, M-Pesa now offers loans and savings in conjunction with local banks, as well as merchant payments services.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Sustainable Connectivity: How Biofuels Can Boost Mobile Access, Support Small Farmers – And Fight Climate Change
Mobile connectivity is sweeping through rural Africa and Asia – but it has a major drawback. It’s dependent on cellular towers that often rely either on diesel power, which has economic and ecological costs and limited availability, or solar panels, which require clear, sunny skies. Fortunately, another solution is emerging: bioenergy. John Garrity, Dennis Garrity and James Daniel at the Evergreening Global Alliance explore its positive impact on food security, grid infrastructure and global climate change.
- Categories
- Agriculture, Energy, Environment, Technology, Telecommunications
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M-Pesa to offer cash advances to clients
Safaricom users can now pay for goods and services even when they lack enough funds, piling pressure on conventional banks.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Telenor Microfinance partners with Alipay for Pakistan blockchain remittances
The service is provided by Telenor’s mobile banking service Easypaisa in Pakistan and another subsidiary Valyou in Malaysia. The aim is to make payments real-time, 24/7 and more efficient.
- Categories
- Finance, Telecommunications
- Region
- South Asia
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Nigeria Softens Rules Shielding Banks From Wireless Rivals
The central bank may have realized it can’t rely on lenders alone to achieve its objective of extending services to the 50 million adults still without a bank account in the nation of about 200 million people.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Sparrow’s RefugeeMobile Program Shows Smartphones Help Refugee Families Arriving in the US Resettle More Successfully
The results are in: research shows that smartphones help refugees resettle more successfully. RefugeeMobile, a smartphone program launched in May 2016 with the goal of helping refugee families arriving in the US resettle more successfully, has developed a proven program for refugees who have access to smartphones and data service. Recipients are more likely to integrate, be employed, and have higher paying jobs, according to new research.
- Categories
- Technology, Telecommunications
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