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How Mobile Money Is Saving Africa $2bn Annually
Mobile phones have proven to be potential game-changers inboosting access to financial products and services to people in Africa. This is particularly true for those at the bottom of the socio-economic pyramid as seen in East Africa. It has often been appraised based on its contribution to ‘banking the unbanked’, but mobile money has achieved much more, it has saved the continentnearly $2 billion previously lost annually to inefficient money transfer.
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- Sub-Saharan Africa
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Western Union Said in Early Stage Talks to Buy Rival MoneyGram
Western Union Co. is in early-stage talks to acquire smaller rival MoneyGram International Inc., people with knowledge of the matter said, as both companies contend with stiff competition from upstart money-transfer companies.
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Bitcoin, Mobile Payments Share Some Consumer Adoption Problems
This all sounded very familiar. Last week, Networld Media Group hosted its first Virtual Currency Today Summit in Boston. Bitcoin enthusiasts filled a room at the Back Bay Hilton with a lot of gusto for the virtual currency's future, specifically the potential for the blockchain technology.
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- digital payments
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Mobile Money Amplified: Mondato Summit Africa to discuss the continent’s digital future in Johannesburg on June 2 – 3
A second generation of mobile financial tools and providers looks set to transform Africa’s economies. But while the outlines of Africa’s digital future may be faintly discernible, the substance is far from clear. Mondato Summit Africa, on June 2 - 3 in Johannesburg, South Africa, will seek to identify the key issues that will shape the evolution of African mobile commerce & finance in the years ahead.
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What Latin America Will Look Like in 2020
Leaders from some of the most innovative companies in Latin America offer their predictions on what the future of the region holds.
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- Latin America
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Africa Trumps World Giants in Payment Tech
Africa is ahead of the US in terms of the rate of payments innovation, while Europe is lagging way behind.
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- Uncategorized
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- Sub-Saharan Africa
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Safaricom to Open M-Pesa APIs, Completes Data Center Migration From Germany to Kenya
After two years of intercontinental conference calls, eight test runs and countless hours put in by 320 consultants, Safaricom has successfully migrated its mobile money platform to its data center in Kenya and is expecting to provide better services.
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- Sub-Saharan Africa
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Mobile Payments: The Company Driving the Greatest Innovation Today (Hint: It’s Not Apple)
Every week the technology world holds its breath with anticipation as the latest tech giants make new strides into the mobile payments sector.
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- Uncategorized
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- digital payments
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