-
China Tightens Regulation Over Mobile Payment Apps — What’s Next For Tencent and Ant Financial?
Now that digital wallets like Ant Financial’s Alipay and Tencent’s Ten Pay have become near ubiquitous in the country, where the market for mobile payment reached $5.5 trillion as people use them to pay for clothes, groceries, taxi fares and utility bills, the government wants to bring oversight up to speed by regulating them exactly like banks, said Oliver Rui, a professor of finance at the China Europe International Business School in Shanghai (CEIBS).
- Categories
- Finance, Technology
- Region
- Asia Pacific
-
Alibaba’s payments affiliate apologises for opting in users for credit scoring system
The incident comes as Chinese users grow increasingly concerned about user privacy and how China’s tech giants are handling personal information. In China, laws require companies to store users’ data on servers in the country, and Chinese tech companies reportedly pass on data when the Chinese government makes a request.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- credit scoring, data, fintech
-
Press release: IEEE Awards $1.2 Million for Off-Grid Energy Entrepreneurs
IEEE, the world's largest technical professional organization advancing technology for humanity, announced that IEEE Smart Village (ISV) has granted $1.2 million in new funds for selected sustainable energy projects with a potential life-changing impact on up to seven million people around the world.
- Categories
- Energy, Technology
-
Top 4 African tech trends to look out for
With a young population of early-adopters and an improving infrastructure from telecommunications to payments, investment in Africa in 2018 is likely to eclipse record-breaking growth, and be driven by more post-seed capital.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
The Pope Wants Vatican Startups to Fix Climate Change
A year ago, venture capitalists Stephen Forte of Fresco Capital Fund and Eric Harr of Imagine Ventures -- both based in California -- asked the Vatican to back a technology competition among startups addressing climate change, energy and managing resources.
- Categories
- Energy, Technology
- Region
- Europe & Eurasia
- Tags
- climate change
-
Viewpoint: Climate Change And Global Poverty Can Only Be Solved Together
While it is entirely appropriate that leaders of developing countries seek to raise their citizens’ standard of living and develop their economies, they must avoid emulating China in order to avoid the worst effects of climate change and local pollution.
- Categories
- Environment, Technology
- Region
- Asia Pacific
-
Study: Access to mobile phones won’t magically fix youth unemployment in Africa
In reality the extent to which the mobile phone can support and sustain real improvement in young lives is depressingly finite unless significant interventions occur – particularly in the education and technology sectors.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- employment, youth
-
This Company Delivers Reproductive Health Products Directly To Women In The Developing World
In Rwanda, many women face obstacles to accessing necessary health and hygiene products, like pregnancy tests and birth control. For some, they’re just not available where they live. For others, lingering stigma and shame around sexuality make venturing out to buy them in public a daunting proposition.
- Categories
- Technology
- Region
- Sub-Saharan Africa
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.