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Tesla Batteries Are Keeping Zimbabwe’s Economy Running
The southern African country faces chronic shortages of physical cash, so almost all transactions are done digitally, and many via mobile phones.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Super Apps: WeChat, Go-Jek and Rivals Battle to Do It All in Asia
Although no one has counted the exact number of super apps in Asia, they are sprouting up everywhere, including some of the region's remotest corners.
- Categories
- Technology
- Region
- Asia Pacific
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EcoCash Bureau DE Change Launch to Spur Financial Inclusion in Zimbabwe
With a customer base of about 10 million, EcoCash will instantly dominate the bureau de change market share surpassing the combined transactions of more than 200 other licenced agencies countrywide.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Goldman Sachs, Point72 and Others Invest $42 Million in Mexico’s Credijusto
Mexico has experienced a steady rise in startups aiming to use technology and mobile phones to sell financial services to poor and middle-class customers who do not use traditional banks.
- Categories
- Finance, Technology
- Region
- Latin America
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Xiaomi Banks on Phone Data for Finance Play in India
The stakes are high for the world’s fourth largest mobile phone vendor, whose business model relies on low-margin hardware sales with services as a key long-term profit centre.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- digital finance
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Dawn of the QR Code in Chile’s Payments Market
A drop in the use of cash brings various benefits in areas such as security, financial crime reduction, tax collection rates and minting costs.
- Categories
- Finance, Technology
- Region
- Latin America
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Viewpoint: Cloud Computing Could Be Key to Speeding up Africa’s Development
What’s especially useful about cloud computing is that companies or organisations don’t need to own computing infrastructure or data centres. Instead, they can rent access to storage and applications, among other things, from a cloud service provider. This allows them to get access to sophisticated capabilities on demand. And they don’t have to spend a great deal of money building and maintaining IT infrastructure on site.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- data, global development, SDGs
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Press Release: Fintech Nomanini Raises $4M in Funding Round Led by Standard Bank
Through the terms of the strategic investment, Standard Bank gains a stake in the company and the ability to use Nomanini’s platform to unearth previously ‘invisible’ data on the informal retail economy.
- Source
- Press release
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa