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Report: Facebook Is Turning Messenger Into a Mobile Wallet
Facebook has big plans to turn Messenger into an “Everything App”that will replace many others found on your smartphone, but one of the most important shifts will be turning it into an app that pays for things. Now code found inside Messenger suggests Facebook plans to turn on a feature to make digital transactions or even pay for physical goods in stores, according to a report in The Information.
- Categories
- Technology
- Tags
- digital payments, fintech
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NexThought Monday: Sprinters vs. Limpers – Three Critical Success Factors for Digital Finance Deployments
According to the GSMA, there are 271 mobile money services in operation across 93 countries, and digital financial services are now available in over 60 percent of developing markets. An increasing number of services are reaching scale, as 30 services now have more than one million active accounts. But 241 have failed to do so. So what separates these 30 “sprinters” from those deployments that are merely limping along?
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- Uncategorized
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Momo, a Mobile Payment Firm in Vietnam, Lands $28M Led by Standard Chartered Bank
Vietnam is emerging as a technology market of note in Asia. Weeks after U.S. VC firm 500 Startups announced a fund for the country, Vietnam-based fintech company Momo has landed a $28 million investment round from banking giants Standard Chartered (SCB) and Goldman Sachs.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments, fintech
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Why e-Tailers Are Rushing to Tap India’s Payments Goldmine
As Indian e-commerce majors ramp up their presence in the payments space, Digbijay Mishra and Samidha Sharma find out why online retailers are taking a leaf out of the China playbook and throwing their weight behind this new line of business.
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- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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The Digital Cloud that Hangs Over Every African Farm
The African continent is at the forefront of the mobile revolution, with nearly 700 million mobile phone accounts — more than in the U.S. and Europe combined. Africa has also become the world leader in mobile banking. But mobile phones and even mobile money accounts do not amount to digital financial inclusion.
- Categories
- Agriculture, Technology
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Why Apple and Samsung Have Already Lost the Mobile Payments War in China
If you’re a smartphone company – even a big, successful one – looking to get into the Chinese market with your own mobile payments system, here’s a piece of advice: don’t.
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- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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The Future of Mobile Wallets in India
Digital payment service providers are competing fiercely, offering attractive offers and unrealistic discounts. Is this the making of another bubble?
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- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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NexThought Monday: Why Digital Wallets Stay Empty – and Six Ways Providers Can Help
In emerging economies throughout the world, people have flocked to mobile payment solutions, whether it’s to send money home, facilitate informal business transactions or pay bills. Yet most digital accounts are empty and serve mainly as a pass-through for such payments, which limits the transformational potential of mobile money. Here are several factors which make digital accounts an illogical store of value for people with low and uncertain incomes, and six ways providers can address this issue.
- Categories
- Uncategorized
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