-
MTN Partners with Verifone to Target Retailers
Pan-African operator MTN announced a deal with Verifone Mobile Money to deliver retail payment devices to merchants across 16 markets.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments
-
85% of Kenyans Have Adopted Electronic Payment Products, Says MasterCard Study
Eighty five percent of Kenyans have adopted electronic payment products including bank accounts, mobile phone, prepaid cards or other payment products, according to a new study by MasterCard.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
Mobile Money on the Move: Part Two of Our Interview With Carol Caruso, Senior Vice President, Channels and Technology at Accion
The growth in global mobile connectivity has been astonishing, and perhaps no sector has been more impacted than finance. We spoke recently with Carol Caruso, Senior VP of Accion’s Channels & Technology unit, about the shifting trends and future outlook of mobile finance in part two of this Q&A.
- Categories
- Technology
-
Innovation in Somalia: Launch of E-Transfer Cards in Bossaso
In February, Somalia became the second country in the world where WFP has launched its groundbreaking new system for managing assistance programmes, a platform known as SCOPE. The SCOPE information system allows WFP to monitor and control all its distributions of food, cash and vouchers electronically and in near real time. SCOPE also allows WFP to register beneficiaries, store information on the amount of food or money they are entitled to and – in the case of cash or vouchers – transfer the specific amount onto the cards. There was a buzz of anticipation as the first SCOPE transfer cards were handed out.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments
-
Mobile Money Transactions Doubled in 2014
The rate of global mobile money transfers continues to increase at a steady rate as the percentage of mobile remittances in 2014 doubled between January 2014 and January 2015, according to new research from Azimo, a mobile money company.
- Categories
- Uncategorized
-
Press Release: Mobile Money Market Worth $78.02 Billion by 2019
According to a new market research report "Mobile Money Market by Transaction Mode, Nature of Payment, Location, Type of Purchase, & by Industry (BFSI, Telecom & IT, Media & Entertainment, Healthcare, Retail, Travel & Hospitality, Transportation & Logistics, Others) - Global Forecast to 2019", published by MarketsandMarkets, Mobile Money Market is expected to grow from$12.34 Billion in 2014 to $78.02 Billion by 2019, at a Compound Annual Growth Rate (CAGR) of 44.6% during the forecast period from 2014 to 2019.
- Categories
- Education, Technology
-
Econet’s Mobile Money Shopping Service Goes Live in Zimbabwe
Zimbabwean subscribers on Econet Wireless' mobile money platform, EcoCash, will now be able to buy and send groceries to their friends and relatives under a partnership with grocery manufacturer and wholeseller, National Foods.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments
-
Zimbabwe: Sex Workers Switch to Mobile Payment Systems
Sex workers in Harare are now demanding that clients pay for services through mobile platforms to avoid being duped with most now moving around with at least two mobile phones to facilitate transactions.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments
Subscribe to Our 'Business in Global Development' Newsletter!
Our new weekly LinkedIn newsletter features NextBillion's latest original articles, along with curated news, jobs, bizdev opportunities and events from our recent coverage of impact-focused business in emerging markets.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.