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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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- Uncategorized
- Region
- 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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- Uncategorized
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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.
- Categories
- Agriculture
- Region
- 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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- 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
- Tags
- 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.
- Categories
- Uncategorized
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