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The Indian start-up that may sideswipe Apple Pay
With 900 million mobile phone users and a sophisticated biometric digital ID issued to every citizen, India is increasingly attractive to companies that provide mobile financial services.
- Categories
- Technology
- Region
- South Asia
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GHIT Fund partners with 10 new global cos to expand investment in R&D for neglected diseases worldwide
The Global Health Innovative Technology Fund (GHIT Fund) welcomed ten new partnerships that include major global pharmaceutical and biotechnology companies—collaborations that will expand investments into research and development (R&D) for neglected diseases worldwide.
- Categories
- Health Care, Technology
- Region
- Asia Pacific
- Tags
- innovation
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Mobile wallet Mobikwik’s cash-back scheme runs afoul of Indian regulators
Mobile wallets company Mobikwik has withdrawn a scheme where it offered a “6% annual profit” to customers who maintain a monthly balance of at least Rs.5,000 in their mobile wallets.
- Categories
- Technology
- Region
- South Asia
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The incredibly brilliant way people are now paying for things in Asia
In recent years, millions of people have grown accustomed to using messaging apps to communicate. Some of these apps now support person-to-person digital cash transfers. So the next step is pretty logical.
- Categories
- Technology
- Region
- Asia Pacific
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African Data Prices Falling, Income Rising
Africa’s mobile Internet market has grown steadily over the last decade and new forecasts show mobile data revenue will double over the five years to 2019—topping $22 billion, according to Quartz. Mobile voice revenue, by comparison, is expected to grow by 10 percent in the same period.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- mobile finance
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Heart monitoring device wins top African prize
A portable heart diagnostic invention has won its developer — Cameroonian Arthur Zang — Africa prize for engineering innovation.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
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BETWAY enters Ghana’s market with cashless sports betting
Leading international sports betting outlet BETWAY has entered the Ghanaian market with cashless betting. The web/mobile-based betting system runs on the regular mobile money platform of the various telecom companies in Ghana.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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U.S. Tech Giants Flock to Africa to Compete for Digital’s “Final Frontier”
Not so long ago, Big Business saw Africa as a charity case. Much of the investment by multinational corporations across the continent was geared more toward burnishing corporate sustainability programs—building schools, planting trees, offering occasional internships—than gearing up for future growth.
Today the picture has changed radically. In the past few years, U.S. technology companies have begun to invest heavily in Africa.- Categories
- Investing, Technology
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