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India’s Paytm Passes 100M Users
Indian firm Paytm, whose parent is backed by Ant Financial, claimed it is the first mobile wallet in the country to pass 100 million users.
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- South Asia
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- digital payments
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Visa to launch payments service for mobile phones in September in India
Close on the the heels of MasterCard launching a digital wallet for Citibank India customers, rival global payments gateway Visa will be starting a new payments service for Indian customers in September.
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- South Asia
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Only 15% of Pakistanis Use Digital Financial Services
Only 15% of Pakistanis use Digital Financial Services, and there has been no significant increase in the user base or registrations between 2013 and 2014, said a Financial Inclusion Insights (FII) survey report.
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- South Asia
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China’s move to regulate Internet payments sparks concern
China is moving to limit the lightly regulated world of internet payments, an initiative that some critics warn could stifle development in one of the most innovative sectors of the economy.
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- Asia Pacific
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OPINION: 10 developments that could transform the future of Indian banking
With emerging needs in urbanisation, industrialisation, digitisation, education, financial inclusion, and global integration, the following 10 developments will shape the banking industry in India’s journey towards a $20 trillion economy.
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- South Asia
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Safaricom will not be forced to loosen its dominant hold on Kenya’s mobile-money market
For a minute there, it looked like Safaricom might have to break up its business.
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- Sub-Saharan Africa
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Why banks are betting on the blockchain – not bitcoin – to transform the financial sector
Banks are getting increasingly interested in the potential of bitcoin's underlying blockchain technology to reduce the cost of payments and back office costs.
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- digital payments
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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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- Latin America