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Safaricom to Open M-Pesa APIs, Completes Data Center Migration From Germany to Kenya
After two years of intercontinental conference calls, eight test runs and countless hours put in by 320 consultants, Safaricom has successfully migrated its mobile money platform to its data center in Kenya and is expecting to provide better services.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Mobile Payments: The Company Driving the Greatest Innovation Today (Hint: It’s Not Apple)
Every week the technology world holds its breath with anticipation as the latest tech giants make new strides into the mobile payments sector.
- Categories
- Uncategorized
- Tags
- digital payments
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Rwanda Launches Cross-Border Mobile Money Remittance Service
MTN Rwanda, one of Rwanda’s leading mobile network operators, Sunday announced the launch of a pioneering cross-border Mobile Money remittance service between Rwanda and Kenya.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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A Former New York Investment Banker Takes on Financial Inclusion in India
When she left New York five years ago, a former Wall Street investment banker had a plan for a new business in India. Today, that plan has become a growing company tackling financial inclusion in a way few have considered to date, in India’s evolving, highly unique, growth environment.
- Categories
- Uncategorized
- Region
- South Asia
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Viewpoint: The World Bank: Why It Is Still Needed and Why It Still Disappoints
The decade or two after WW2 saw many of the world’s poorest countries gain their independence from Colonial rule, and they were hoping to rapidly become less poor. Economics taught policy makers in those countries that a higher investment rate is crucial to assuring faster economic growth. Being a poor country makes it harder to finance the required investments from domestic savings. Yet rich countries should have ample savings available that might be profitably diverted to this task. In an ideal world, global capital markets could be expected to bridge the gap. But 70 years ago those markets were thin and/or not trusted as a source of finance.
- Categories
- Uncategorized
- Tags
- lending
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Ugandan MPs Ask Government for Greater Mobile Money Regulation
Members of Parliament grilled Information, Communication Technology (ICT) state minister, Nyombi Thembo over lack of a law to regulate mobile money services and safeguard clients’ money.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- regulations
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‘Mobile money is not the only option in Sub Saharan Africa’
Mobile money platforms may have taken root in Sub Saharan Africa but they are not the only innovation disrupting the financial services sector in the region, with new technology-based finance platforms also seeing rising uptake, experts say.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Somalia’s Premier Bank to bring ATMs, debit cards to Mogadishu
Somalia's Premier Bank has struck a deal with Mastercard and will issue debit cards and install ATM machines in the capital of the war-ravaged country, the Islamic lender's top executive said on Wednesday.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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