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Report: This Is What Would Happen to Kenya’s Economy if M-Pesa Was to Collapse
A Treasury report warns that an M-Pesa outage would cause loss of revenue and reduce confidence in the mobile money transfer services. FILE PHOTOA Treasury report warns that an M-Pesa outage would cause loss of revenue and reduce confidence in the mobile money transfer services.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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New Pathways to Financial Inclusion for Low-Income Women
Developing countries have made great strides on financial inclusion in recent years, but a gender gap remains. A new report analyzes women’s stories and their detailed cash flows over time from financial diaries data collected in Kenya, India and Mexico, offering insight into why women in emerging economies don’t use formal financial services to the same extent as men.
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- Uncategorized
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M-Wallets Surge in Small Towns in Nation-Wide Cash-Crunch in India
As India outlawed its two biggest banknotes, mobile wallets are witnessing a spurt in enquiries and usage in small towns, as unavailability of currency hit wide across the country.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Modi’s ‘Masterstroke’ Cash Ban to Boost India Digital Push
Cash may no longer be king in India. The nation’s nascent digital economy stands to be the biggest beneficiary of its strongest crackdown on corruption since 1978.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Safaricom Monitoring Use of Free M-Pesa Transactions Offer
Safaricom has revealed that it is watching the use of its new M-Pesa Kadogo offer of free transactions for amounts of less than 100 Ksh in order to determine whether a limit should be imposed on the number of transactions per user. The mobile operator introduced M-Pesa Kadogo during the release of its unaudited half year 2017 results (for the period ended September 30 2016).
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Where Aggregators – and Open APIs – Fit Into Financial Inclusion
The introduction of a truly Open API is an exciting prospect for individuals and institutions interested in financial inclusion – digital financial providers, economists, technologists and developers alike. Building a successful business model, however, requires that the Open API is technically sound and that the financial inclusion community is included and encouraged to collaborate on innovative solutions.
- Categories
- Finance, Technology
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Kenya Telcos, Vendors Now on the Spot for Hidden Costs
Many Kenyans have come to value the convenience of mobile money payments, but a consumer organisation has raised the red flag over the hidden costs.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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New Report: Small Merchants Offer Big Financial Inclusion Opportunities
Increasing micro and small merchants’ use of cashless payment systems will require broad participation and innovation from the financial sector, regulators, governments and the private sector. But the impact will be transformative for millions of small merchants, their customers and the broader economies in which they operate.
- Categories
- Uncategorized
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