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Vietnam strides towards cashless society with e-wallets boom
Vietnam is on the cusp of a mobile payment revolution, and the key factor to raising adoption is whether the e-wallets could become ubiquitous locally.
- Categories
- Finance
- Region
- Asia Pacific
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Closing the Cash Gap With Cryptocurrency
In emerging markets, the shallow reach of traditional money systems means there’s less resistance to new financial technology.
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- Finance
- Region
- Sub-Saharan Africa
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Press release: Mastercard and Accion Partner to Unlock Growth for Millions of Underserved Microbusinesses around the World
Michael Schlein, president and CEO of Accion said: “Mastercard’s unrelenting focus on innovation and inclusion is helping to unlock opportunity for millions of people to build a brighter future for themselves, their families, and their communities. We are thrilled to take our partnership to a new level. Together we will work hard to ensure that today’s digital transformation of financial services benefits those who have been left out or underserved by the global financial system.”
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- Press release
- Categories
- Finance
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Cash triumphs in Kenya’s public buses as train, taxis embrace cashless system
The cashless system had the backing of the government, top telecommunication firms and banks, which touted the cards as the panacea to end corruption on the road and curb haphazard fare increases.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Why India lags peers in digital payments
Yet despite this growth, after adjusting for population, India continues to lag other major countries. Among the BRICS countries (Brazil, Russia, India, China and South Africa), Russia leads the way with the average adult making more than 200 non-cash transactions annually.
- Categories
- Finance
- Region
- South Asia
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Zimbabwe is hiking mobile money taxes to plug its fiscal deficit, but it could backfire
In a country with a history of cash shortages, multiple currencies and hyperinflation, mobile money had become a key payment alternative. Cash is hardly ever accessible in Zimbabwe as banks frequently run out of monetary notes, leaving mobile money and bank cards as the only transaction options.
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- Finance
- Region
- Sub-Saharan Africa
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Accelerating the SDGs: How Digital Finance Can Ignite Faster Progress Toward the Global Goals
With 2030 gradually drawing nearer, how can the world accelerate progress toward the Sustainable Development Goals? Global leaders discussed that question at the United Nations General Assembly last week, and according to Ruth Goodwin-Groen at the U.N.-based Better Than Cash Alliance, digital financial inclusion is emerging as a key answer. She discusses how digital financial services can be an important part of the solution for critical issues like hunger, health and climate change – and profiles a few of the growing number of governments and companies that are leading by example.
- Categories
- Finance
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Press release: MoneyGram Launches Money Transfer Service to all Mobile Wallets in Ghana
"This is an important milestone for MoneyGram in Ghana as we're now offering real-time, seamless service to our customers and giving them more choices about how to receive their funds – at a physical location, directly to a bank account or a mobile wallet," said Grant Lines, MoneyGram's chief revenue officer. "Giving consumers the flexibility to choose between digital and cash pick-up is, and will continue to be, a competitive advantage for the company."
- Source
- Press release
- Categories
- Finance
- Region
- Sub-Saharan Africa
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