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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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Cashless in India: 50 days’ journey of a fintech professional
Are you sure you want to do this? Richa, my wife asked as I shared my idea to undertake an experiment in which I will stop using cash and instead use only digital forms of payment. Colleagues said going cashless in India is difficult and that I wouldn’t be able to manage more than a week. All this and the fundamental question “As a believer in digitization of cash, am I just propagating the theory or do I really understand the consumer side of story?” With this started the quest to understand “Cashlessness” first hand.
- Categories
- Technology
- Region
- South Asia
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India’s Practo Plans to Take Digital Health-Care Success Abroad
Practo Technologies Private Ltd.’s audacious goal of bringing order to India’s chaotic health-care system is starting to bear fruit, helping to transform it into the country’s biggest online medical network. Now the startup is planning to go global.
- Categories
- Health Care, Technology
- Region
- South Asia
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How can South Africa drive youth innovation and entrepreneurship?
Nearly a third of South Africa’s population is under the age of 14. As things stand, their future is uncertain. The economy is stagnant, the political landscape is shifting, and unemployment is at a record high. It’s possible to turn all that around, but doing so means equipping young people with skills beyond those found in the schooling system creating an environment which doesn’t just see entrepreneurship and innovation as viable options, but as necessities.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- innovation