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Why Don’t Small Retailers Adopt E-Payments?: New Research Suggests the Reasons Behind Merchant Aversion – And Solutions for Stimulating Customer Demand
Mexico's 2.1 million 'tienditas' (small shops) drive most of the country's retail sales – yet 83% of them only accept cash, even though e-payment technology is cheaply accessible. Shreya Kankanhalli at Stanford’s Graduate School of Business and Luz Gomez at Mastercard Center for Inclusive Growth explore findings from a field study that's testing ways to promote e-payments.
- Categories
- Coronavirus, Finance, Technology
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Report: Somalia’s Mobile Money Penetration High, Data Costs Lowest In Africa
Despite its long history with civil unrest, Somalia seems to have gotten a good grip on its business community.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Airtel Africa and Mukuru Plan to Facilitate Cross-Border Money Transfers
Pan-African telecommunications and mobile money services company Airtel Africa has announced a deal with African remittance organisation Mukuru.
- Categories
- Technology
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Kenya Is Doubling Down on Regulating Mobile Loan Apps to Combat Predatory Lending
The country’s central bank is proposing new laws to regulate monthly interest rates levied on loans by digital lenders in a bid to stamp out what it deems predatory practices.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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MTN Cameroon to Soon Offer Mobile Savings and Loans Services
it will serve as the intermediary connecting users with financial institutions as is the case in Ghana with MTN Ghana and Kenya with M-Shwari.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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Orange Launches Banking Play in Africa
Orange teamed with financial services company NSIA to launch mobile banking services into its first African market, Ivory Coast, with plans to expand into Burkina Faso, Mali and Senegal.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance
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Digital Payment Grows in Philippines Amid COVID-19 Fears
Digital payments are fast gaining currency in the Philippines as consumers ditch cash to avoid physical contact on worries over catching coronavirus.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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Crackdown on Mobile Money hits Zimbabwe’s Poor
Restrictions introduced at the end of June on Ecocash, the country’s mobile-money monopoly, by the government of President Emmerson Mnangagwa, have affected millions for whom the platform has all but replaced the hard cash that has vanished in shortages caused by the crisis.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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