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Report: Digital payments bolster economy, promote financial well-being
A new report by the World Bank Development Research Group found that incorporating digital payment systems into the economies of emerging and developing countries helps to spur economic growth and individual financial well-being.
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‘Cash Burns Your Pocket’: New World Bank, Gates report finds mobile payments vital to G20 goals
Just 41 percent of adults in developing economies have a bank account - a problem that G20 nations are increasingly focused on. To that end, this week the Gates Foundation, the Better than Cash Alliance and the World Bank released a report on the potential of digital payments to advance financial inclusion - and the challenges that must be addressed.
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Airtel, Tigo claim mobile money first
Two operators in Tanzania launched a service so that subscribers to their rival mobile money services can send and receive cash with one another.Airtel and Tigo claim it is the world’s first cross-network mobile money transfer service.
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- Sub-Saharan Africa
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- digital payments
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How China And Kenya Are Winning The Payment Wars — And Why The U.S. Should Worry
While many Americans consider alternative payments non-essential, the rest of the world is silently surpassing us.
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- digital payments
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Three Steps to Jumpstart Agriculture Mobile Payments: Step 3 – Overcoming farmers’ illiteracy, financial illiteracy and lack of trust
In the third and final post in his series on embedding mobile payments by large buyers to farmers into agricultural value chains, Lee Babcock considers the need to overcome farmers’ illiteracy, financial illiteracy and, perhaps most importantly, lack of trust.
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- Agriculture
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Safaricom cuts fees on low and medium value M-PESA transfers
Leading integrated communications service provider Safaricom has announced a targeted reduction of transaction fees levied by the operator on its most popular person to person M-PESA transaction bands.
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- Sub-Saharan Africa
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Bharti Airtel & VeriFone to drive Africa’s mobile money evolution
Bharti Airtel and VeriFone Mobile Money have reached an agreement to offer VeriFone Mobile Money’s merchant enablement applications for mobile Tap n Pay across Airtel’s 17 operating countries in Africa.
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- Sub-Saharan Africa
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- digital payments
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New Bank of Ghana rules excite mobile money vendors
Companies in the mobile money business are in an anticipatory mood for the implementation of a new Bank of Ghana regulation on mobile payment systems, which they contend will help to boost payment transactions using the mobile phone.
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- digital payments