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Vodafone Wallet & PayPal Ink Payments Partnership
The partnership will enable PayPal customers to link their accounts to Vodafone Wallet, allowing them to use Android smartphones to make contactless payments. According to PayPal’s European CEO, this marks the first time PayPal users will be able to make contactless payments.
- Categories
- Technology
- Region
- Europe & Eurasia
- Tags
- digital payments, fintech
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Egyptian Government and Visa Sign Agreement to Help Bring Electronic Payments to Government Subsidies
The Egyptian government, represented by the Ministry of Supply and Internal Trade and the Ministry of Planning, this week signed a Memorandum of Understanding (MOU) with Visa Inc., to enable electronic payment of government subsidies to 22 million Egyptian families.
- Categories
- Technology
- Region
- North Africa & Near East
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India: Moving a Billion People into Digital Finance
Digital finance has great potential to improve life for consumers and merchants in India. But the lack of familiarity has impeded digital money’s growth in the country. This lack of awareness exists despite India Prime Minister Narendra Modi’s national mission for financial inclusion.
- Categories
- Uncategorized
- Region
- South Asia
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Report: Digital Money Is Now ‘Part Of The Fabric Of The Modern World’
A recent report from Imperial College London with Citi digs deeper into digital money – its benefits, global adoption, tipping point and much more.
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- Uncategorized
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Will India Go Cashless If Mobile Payments Take Off?
As soon as Binod Upadhyay arrives at a destination he immediately turns round to check if the customer is pulling out a wallet or a mobile phone.
- Categories
- Technology
- Region
- South Asia
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What You Need to Know About the Mobile Wallet War in India
“Buy this through XYZ digital wallet and get Rs. 50 (US$0.75) cashback on every ticket booked,” read a recent email I received from PVR Cinema. I usually receive this a few times a week and it keeps me informed about the latest movies. The bottom of the emails, as seen, are peppered with advertisements for mobile wallets. All of them vying for your attention and begging to pay part of the ticket price on your behalf. All I have to do is make the transaction through them.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Mobile Payments Ecosystem Comes of Age in India
Although being young with only a dozen mobile wallet players in the field, India's mobile payment ecosystem has witnessed steady growth and a rapid adoption of path-breaking innovations as people started realising the benefits of technology in online payments space in 2015 -- the most popular being the "mobile wallet".
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Will 2016 Be the Year of FinTech in India?
Has Financial Technology or FinTech finally come of age in India? While, FinTech accounted only for 13.3% of the total funding raised by Indian startups in 2015, the gross investment into it was up 8 times over the equivalent 2014 number of $145.1 million. While that looks amazing at first glance, it has to be noted that m-commerce platform One97 (Paytm) accounted for about 74% of the money raised by FinTech companies this year. Nonetheless, even if one were to exclude this number, Indian FinTech investment has doubled over the 2014 number. India’s FinTech sector has been a far cry from its global peers, accounting only for 6% of the total global FinTech space (by funding), but clearly as the numbers above show, that is changing fairly rapidly.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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