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Mobile Wallet Fraud Set to Rise in India: Deloitte
As E-commerce firms continue to become popular and more people have started using online payments, frauds in mobile payments too are increasing, said a report from Deloitte India.
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- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Ecuador’s New Virtual Currency Is a Source of Pride, Worry
Jaime Rojas keeps his antiquated cellphone on the dashboard of his taxi. He can’t use it to play games or check Facebook, but his “dumb phone” has recently become a powerful tool: He can use it to buy gas, receive fares and send money to family.
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- Uncategorized
- Region
- Latin America
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Disrupting Remittances Through Mobile Money in Uganda
The money remittance industry sees over US$34 billion sent to sub-Saharan Africa each year, accounting for an average of 5 per cent of GDP on a country-by-country basis. However, for those sending and receiving money, the systems in place are inefficient and time-consuming.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Ecuador Is the World’s First Country With a Public Digital Cash System
The runaway success of mobile money products like M-Pesa, which first took off in Kenya, has inspired dozens of copycats around the world. Many countries in Africa, Asia, and Latin America now have services allowing people to store and transfer money using their cellphones. But there's something different about Ecuador's new Sistema de Dinero Electrónico. It's being operated not by a private phone carrier or financial company, but Ecuador's left-leaning government.
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- Uncategorized
- Region
- Latin America
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- digital payments
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Why Microfinance Loans Have Such High Rates
In recent years, microfinance—distributing small loans to the poor -- has been at the center of an intense debate about the ethics of charging low-income customers high interest rates and then making a profit from them.
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- Uncategorized
- Region
- Latin America
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- lending, microfinance
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India’s Paytm Passes 100M Users
Indian firm Paytm, whose parent is backed by Ant Financial, claimed it is the first mobile wallet in the country to pass 100 million users.
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- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Will Your Facebook Friends Make You a Credit Risk?
It might be time to start unfriending some of your buddies on Facebook.
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- Uncategorized
- Tags
- credit scoring
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Fintech firm takes biometric microfinance tool to Uganda
Awamo, a fintech firm firm formerly known as BCB Biometric Credit Bureau, has revealed that it is taking a biometric microfinance solution it has developed to Uganda thanks to $550,000 it has raised in Series-A funding.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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