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PRESS RELEASE: Bangladesh Government joins the Better Than Cash Alliance
Aligned with the nation's Digital Bangladesh Vision 2021, the Government of the People's Republic of Bangladesh today announced it will accelerate its transition from cash to digital payments, marked by a new partnership with the Better Than Cash Alliance.
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- South Asia
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The inside story of Alibaba’s strategic partnership with Indian mobile wallet company Paytm
It was personal chemistry as much as business rationale that led to Alibaba's financial arm investing $500 million in Paytm.
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- Uncategorized
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- South Asia
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NexThought Monday – Needed: A New Kind of Infrastructure: Digital infrastructure must be a priority – and the need goes beyond technology
For decades, the development community has stressed the importance of infrastructure, usually focusing on things like roads and water systems. But to ensure that the benefits of the mobile revolution reach the world’s poor, we now need to consider digital infrastructure as well. And as USAID’s Nandini Harihareswara describes it, this must include more than cell phone towers and Internet cables.
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- Technology
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Ecuadorian Banks Must Adopt Official Electronic Currency – or Else
While companies worldwide are embracing the rise of decentralized cryptocurrency bitcoin, Ecuadorian officials have chosen to make local banks adopt a home-grown state digital currency — whether they like it or not.
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- Latin America
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Recognizing a Neglected Opportunity: The multiple benefits of electronic wage payments
Consumer goods companies rely on massive supply chains with millions of workers in developing countries. Many of these workers are women, and many are still paid in cash – and herein lies an opportunity for change. Digitizing these wage payments could help workers and employers, while boosting financial inclusion.
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Report: Simple mobile services can boost Indian farmers’ income
The introduction of a number of simple mobile services in India has the potential to boost the income of two-thirds of the country’s small-scale farmers by up to $9 billion a year by 2020, according to a report by Vodafone.
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- Agriculture
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- South Asia
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India sees more cashless transactions through internet, ATM as consumers favor virtual payment
Paperless transactions through the internet, ATM, cards and mobile devices have surpassed paper-based ones in the year leading to March 15, reiterating the fact that Indians are moving towards virtual payment.
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- South Asia
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- digital payments
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Will the ‘F-Word’ Damage Mobile Money?: The industry deals with a spate of high-profile fraud cases
Trust is one of the key factors that will ultimately determine the success or failure of mobile payments. That’s why recent headlines about fraud in prominent mobile money platforms, from Apple Pay to MTN Money in Uganda, have raised eyebrows in the industry. Mondato’s Chris Connolly discusses these cases, and finds that the headlines don’t tell the whole story.
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- Technology