-
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
-
Tech Mahindra Is the Third Entity to Drop Its Payments Bank Plan in India
Mahindras on Tuesday became the third entity to drop out of the payments bank race, saying business profitability would take longer time due to “aggressive posturing” by many deep-pocketed players.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
Ericsson to develop ‘Emergency Wallet’ for humanitarian aid
Ericsson has committed to developing Ericsson Emergency Wallet, a mobile financial services solution, for deployment in the immediate aftermath of disaster or crises to support humanitarian organizations and affected populations.
- Categories
- Technology
-
Viewpoint: Unified Payment Interface Will Be the Next Big Thing in Mobile Banking in India
Mobile payments just got a leg-up, thanks to the Unified Payment Interface (UPI), probably the only app of its kind in the world. Virtual wallet services have been around for a while now. UPI goes a step further and allows you to make payments by simply entering the payee's virtual ID on your smartphone and feeding the PIN the app requests. The money is debited directly from your account and transferred to the payee in a matter of minutes, without you having to provide either your bank details or the payee's bank IFSC code. In a few simple steps you can make transactions worth up to a lakh. The app on your phone need not be of the bank you hold your account in, but of any bank whose user experience you prefer. The same goes for the payee. But the transactions still take place between the underlying banks, without you even knowing about it. No need to worry about your credit card details being compromised.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
-
Samsung Pay Strikes Partnership With Chinese Online Payment Giant Alipay
Samsung announced today that it has cemented a deal that will make Alipay, China’s largest online payments platform, available through Samsung Pay.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
-
United Nations study finds digital payments to Ebola response workers saved lives and $10 million
By using digital payments to pay Ebola response workers, Sierra Leone massively cut payment times, avoiding large-scale strikes and ensuring a stable workforce to defeat Ebola.
- Categories
- Health Care, Technology
- Region
- Sub-Saharan Africa
-
Why M-Pesa Failed in South Africa
South Africa's largest mobile phone operator Vodacom has announced it will be scrapping its M-Pesa mobile money transfer system in Africa's second-biggest economy.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
-
PayPal Will No Longer Protect Your Crowdfunding Cash
PayPal is changing its purchase protection rules to reflect increasing risks associated with crowdfunding. The new language, which will go into effect in June, state that “payments on crowdfunding platforms” will no longer be eligible for Purchase Protection.
- Categories
- Investing
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.