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In China, Alipay Wallet follows WeChat with launch of mobile city service payments
China’s tech giants are working hard to make sure that consumers use their phones to pay for things. Today Alipay Wallet, the Alibaba-affiliated mobile wallet, announced it now enables Chinese users to fulfill municipal fees in 12 cities.
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- Uncategorized
- Region
- Asia Pacific
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More Than Just Good Advertising: Challenges and best practices in driving digital financial services adoption
Despite the large sums of money being poured into digital financial services around the world, enrollment and usage remain low. Few services reach those who need them most. Grameen Foundation researchers Emilia Klimiuk and Joel Muhumuza have studied why, and they share several tactics to drive adoption.
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- Uncategorized
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Mobile Money Remittances in Africa to Reach $33 Billion
MOBILE money remittances in sub-Saharan Africa are projected to reach $33 billion in 2015 as the services are growing above 6% in more than three countries with increasing mobile connectivity, WorldRemit has said.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- remittances
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India’s ICICI Bank Launches ‘Tap n Pay’ NFC Based Contactless Payments
ICICI Bank today announced launch of new innovative NFC (Near Field Communication) based contactless payment system in partnership with Tech Mahindra. Called “Tap n Pay”, it allows users to make over-the-counter payments without using any cash or card. The users have to just tap the NFC enabled tag or mobile phone at the merchant’s point-of-sale device to make payments.
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- Uncategorized
- Region
- South Asia
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- digital payments
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How the World Bank Should Help the Planet’s Poorest: Pay Them
Last weekend the World Bank issued a report on the dramatic rise in global access to financial services. From 2011 to 2014 alone, 700 million people worldwide opened a bank account or joined a mobile money service.
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- Uncategorized
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Google Wallet Funds Are Now FDIC-Insured
Google (GOOGL) is making a big change to its mobile payment service, Google Wallet, Yahoo Finance has learned. Funds that are left in Google Wallet will now be FDIC-insured, which means Google users’ money is now a whole lot safer — and they probably never even knew it.
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- Uncategorized
- Tags
- digital payments
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Why Is Apple Inc.’s Mobile Payment System Struggling in the World’s Largest Smartphone Market?
China is a great market for Apple (NASDAQ: AAPL ) . In fiscal Q1 2015, the company reported $16.1 billion in revenue from the greater China region (which includes Hong Kong and Taiwan), up 70% year over year.
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- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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IFC, MasterCard in $250M Risk Sharing Pact to Drive Financial Inclusion
International Finance Corporation (IFC), a member of the World Bank Group, and MasterCard have signed an agreement to establish a risk-sharing facility, which is expected to provide millions of people in emerging markets access to electronic payments, a crucial next step in their ongoing collaboration to increase universal financial access by 2020.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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