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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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- Uncategorized
- Region
- South Asia
- Tags
- 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.
- Categories
- Technology
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Amazon and the Bank of India Are Helping Small Businesses
The State Bank of India (SBI) and Amazon.in have agreed to work together and focus efforts on improving payments and e-commerce solutions for small businesses across the country.
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- Uncategorized
- Region
- South Asia
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- digital payments
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Vodacom’s M-Pesa Relaunch Is a Flop
A second attempt by Vodacom to launch the M-Pesa mobile payments platform in South Africa has flopped.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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How Do You Know You’re Really Reaching the Poor?: Tips for microfinance providers considering digital services
Though many microfinance institutions operate in impoverished areas, they often have little or no objective poverty data on the clients they’ve reached. Pride Microfinance wanted to avoid this problem when it rolled out its digital financial services programs this year, so it worked with Grameen Foundation to measure its social impact. The lessons it learned can be valuable to other MFIs considering going digital.
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- Uncategorized
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Ripple scores $28 million funding round
Digital currency outfit Ripple Labs has closed a $28 million Series A funding round that includes IDG Capital Partners and the venture arms of CME Group and global data storage company Seagate Technology.
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- Uncategorized
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More businesses in Kenya adopt cashless payments
More businesses in Kenya are embracing cashless payments as security of the system is enhanced and Kenyans see the benefits of using it.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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Kenya’s million dollar bitcoin startup BitPesa expands to Tanzania
Kenyan bitcoin startup BitPesa is expanding to neighboring Tanzania about a year after it launched its mobile-friendly digital currency exchange.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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