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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.
- Categories
- Uncategorized
- Tags
- 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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- Uncategorized
- Region
- Latin America
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Citibank, MasterCard Launch Digital Wallet for Debit, Credit Card Customers in India
Citibank India and MasterCard have launched digital wallet Citi MasterPass for both debit and credit card customers to be able to shop online at over 250,000 e-commerce merchants.
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- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Mobile Point of Sale Base Growing Rapidly in Developing Countries
Mobile point of sale (mPoS) growth continues as the technology deepens its reach across vertical industries, merchant tiers and geographies.
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- Uncategorized
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Seven Approaches to Agent Management: A new paper documents the variety of ways that digital finance providers assemble and manage agent networks
Agent networks are the main service touch points for most digital finance customers, and they’re probably the most challenging and costly element of the value chain. The authors of a new paper, Designing Successful Distribution Strategies for Digital Money, discuss how digital finance service providers in various regions have assembled and managed their agent networks.
- Categories
- Education
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Transactions By Digital Wallets Up Three Times Between February and April
Digital wallets, which allow consumers to pay for purchases through devices such as mobile phones, are becoming popular, if an almost three-fold surge in the number of such transactions recorded between February and April this year is any indication.
- Categories
- Technology
- Region
- South Asia
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Is Bitcoin a Powerful New Friend to the World’s Poor? Some Funders Hope So
A recent Gates Foundation grant was a big milestone for the Bitcoin movement.
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- Uncategorized
- Tags
- digital payments
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Bitcoin companies move ahead in Africa
Efforts to get Bitcoin off the ground in Africa received a boost this week as BitX announced it has raised $4 million in funding.
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- Uncategorized
- Region
- Sub-Saharan Africa
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