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More phones, few banks and years of instability are transforming Somalia to a cashless society
In the streets of Mogadishu, the future has arrived: cash is disappearing, credit cards are unnecessary, and daily shopping is speedy and digital.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Cashless Nigeria: Facilitating the Transition to Digital Payments
The emergence of Nigeria as a regional economic powerhouse has presented a challenge for Nigerian policymakers: How to convert Nigeria’s growth at the macro level into greater financial inclusion, so that the rising economic tide can benefit more people.
- Categories
- Technology
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Startups innovate to make payments faster in India – but e-wallets face Ashley-Madison-like threats
People are slowly moving towards using digital and electronic payment modes, but payment startups face challenges such as customer awareness, fears about security, and concerns about product or service delivery.
- Categories
- Entrepreneurship
- Region
- South Asia
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10 startups that are attempting to unseat cash through digital payments in India
In India, 95% of all payments have been made through cash - but a number of factors could catalyze a digital shift.
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- Uncategorized
- Region
- South Asia
- Tags
- cash, digital payments, mobile money
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Facebook Co-Founder Giving Millions Directly To The Poor, No Strings Attached
GiveDirectly's work is receiving a major boost from Facebook co-founder Dustin Moskovitz and his wife Cari Tuna, who on Monday announced a $25 million donation through their foundation Good Ventures.
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- Uncategorized
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This Colombian town is trying to get rid of cash — but it’s not so easy
A town of 5,000 is trying to become the first in Latin America to entirely phase out cash and rely solely on digital currency.
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- Uncategorized
- Region
- Latin America
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India Poised For Mobile-Payments Revolution As Internet Giants Alibaba, Amazon Move In
A host of new players – from Amazon to Alibaba-backed One97 – are introducing a range of mobile-payments systems that could provide the backbone for an e-commerce boom.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- banking, cash, digital payments, mobile money
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Humanitarian Disasters are Getting Worse – Can Cash Transfers Get Better?: Navigating the challenges of e-transfers
It’s not your imagination: natural disasters are getting worse. Humanitarian agencies often respond with cash transfers, and many are now exploring digital options to get these funds to recipients more quickly and securely. We spoke with Sara Murray of the E-Transfer Learning Action Network and Rosa Akbari of the International Rescue Committee about the challenges and opportunities of this new approach.
- Categories
- Entrepreneurship
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