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The hidden cost of crime: Tanzanians using mobile money to protect themselves from robbery, says study
While sending money to others is often seen as the primary value arising from mobile money, a forthcoming study in the INFORMS journal Marketing Science, a leading scholarly marketing publication, shows that in developing countries, mobile money provides another important source of value - a form of theft insurance by protecting cash from street robberies and stealing by relatives or burglars at home.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Camilla Nestor Named CEO of Microfinance Information Exchange (MIX)
MIX provides data and analysis on financial service providers, funders and other organizations involved in serving the financial needs of low-income clients through avenues including the MIX Market website, which offers financial and social performance data on approximately 2,000 organizations.
- Categories
- Finance
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M-pesa users up 50% in three markets – Vodacom
Reporting its results for the six months to the end of September, Vodacom CEO Shameel Joosub said m-pesa customers and transaction numbers grew impressively in Tanzania, Mozambique, Lesotho and the Democratic Republic of the Congo (DRC).
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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African Economic Growth Rides on Wireless Rails
From the Atlantic to the Indian Ocean, hand-held phones are letting people become their own ATMs, increasing economic activity by enabling payments for food, travel, school and business. Wireless communication is driving economic growth in sub-Saharan Africa much as the railroad did in the 19th-century U.S., accounting for almost a tenth of global mobile subscribers and a growth rate that's beating the world.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press release: Village Capital, PayPal launch African fintech investment readiness program
Global venture capital (VC) firm Village Capital has collaborated with US payment platform PayPal to launch a three-month investment readiness program, Village Capital Fintech Africa 2018.
- Region
- Sub-Saharan Africa
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Report: India’s FinTech adoption rate exceeds global averages
According to EY FinTech Adoption Index, India has the second highest FinTech adoption rate among digitally active consumers at 52 percent, only second to China at 69 percent.
- Categories
- Finance
- Region
- South Asia
- Tags
- fintech
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Press release: South African Fintech Startup JUMO Awarded $150 000 Prize by Mastercard Foundation for Client Help
Mastercard said in a press release yesterday that close to 100 financial service companies around the world submitted entries to the competition. An international panel of judges selected three finalists who presented to the audience at the 2017 Symposium on Financial Inclusion in Accra, Ghana.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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How India Is Moving Toward a Digital-First Economy
On November 8, 2016, India’s government did something that no other government had attempted before at the same scale: It decided to remove 86% of the country’s currency notes by value from circulation. Over the months that followed, more than 1 billion people participated in a “reboot” of the country’s financial and monetary system.
An active debate has since ensued as to how the transition unfolded.- Categories
- Finance, Technology
- Region
- South Asia