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Report: India Mobile Wallet Market to Reach US$ 6.6 Billion by 2020
According to TechSci Research report, "India Mobile Wallet Market Opportunities & Forecast, 2020", mobile wallet market in Indiais projected to reach US$ 6.6 billion by 2020. The mobile wallet market in India is projected to exhibit exponential growth during the forecast period, on account of rising smartphone penetration rate, growing mobile internet user base, and increasing government support. In addition, mobile wallet companies operating in India are also offering attractive deals and incentives to attract new users. In recent years, wallet companies have increasingly formed collaborations with service providers and financial institutions to offer a robust and seamless mobile wallet platform to the users. Usage of mobile wallet is growing across various applications such as money or banking transactions, mobile recharge & bill payments, ticket bookings, utility applications, etc. In addition, approval of payment bank licences of major companies such as Paytm, Vodafone, Airtel, etc. is projected to drive growth in the number of banking transactions through mobile wallet over the next five years.
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- Technology
- Region
- South Asia
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Equitel Share Rises as Safaricom’s Declines
Equitel, the telecommunications arm of Equity Group, grew its share of the mobile telephony market to 2.4 per cent in June from 1.9 per cent in March, fresh official data showed on Friday, as big players marginally lost ground.
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- Technology
- Region
- Sub-Saharan Africa
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Viewpoint: Bank-Telco Distrust Inhibits South Africa’s Financial Inclusion
Although partnerships between banks and telcos are essential in enabling financial inclusion to billions of people in Africa, the egos among the institutions are hindering such partnerships, especially in SA.
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- Technology
- Region
- Sub-Saharan Africa
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MoneyGram Expands Mobile Money Choices in Africa With Vodacom Partnership
MoneyGram, a global provider of innovative money transfer and payment services, and Vodacom, the leading telecom company in Tanzania, have announced that Vodacom subscribers can now receive money directly into their M-Pesa accounts through MoneyGram’s money transfer services.
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- Technology
- Region
- Sub-Saharan Africa
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MOOCs on the Move
s MOOCs grow in influence and sophistication, they’re no longer simply reimagined in a Harvard classroom or even in a nearby studio. Recently, transforming a residential course — going digital viaHarvardX — included filming in far-flung Rwanda and Haiti.
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- Education, Health Care, Technology
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Viewpoint: Why India’s Supreme Court Judgment on Aadhaar National IDs Calls or an Appeal
Mahatma Gandhi refused to join the Constituent Assembly that wrote our wonderful Constitution, but his advice to some of the members was, “Whenever you are in doubt, apply the following test. Recall the face of the poorest and the weakest man you may have seen, and ask yourself if the step you contemplate is going to be of any use to him. Will he gain anything by it? Will it restore him to control over his own life and destiny? Will it lead to swaraj for the hungry and spiritually starving millions?” I submit that the recent Supreme Court (SC) interim judgment on Aadhaar does not pass the Mahatma’s test and it must be appealed. All it needs is one small tweak.
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- Technology
- Region
- South Asia
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FI2020 Week to Convene Global Conversations on Financial Inclusion
The Center for Financial Inclusion at Accion (CFI) today announced the upcoming launch of Financial Inclusion 2020 (FI2020) Week, taking place from November 2-6, 2015.
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- Technology
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Tech Awards Honors International Innovators Using Technology to Solve Pressing Global Problems
The Tech Museum of Innovation announced today that Oakland-based Embrace — the 2012 Tech Awards laureate that makes a low-cost infant warmer used by more than 150,000 premature babies worldwide — has been named the second recipient of the Laureate Impact Award sponsored by PayPal. The award honors past Tech Awards laureates who have demonstrated significant progress toward solving a global problem since winning the prize.
- Categories
- Technology
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