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West Africa Lags in Mobile Money Usage
While most regions in Africa are recording significant uptake of mobile money, the West African region is lagging behind, according to a new report.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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Firms Adopt Visa Digital Payment Card in Nigeria
Chams Mobile and Skye Bank Plc have signed an agreement to launch the Virtual Visa Card in Nigeria.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Weekly Roundup – 2/7/15: Debt and Forgiveness: A drastic solution to over-indebtedness among the poor
Seven years after a financial crisis caused in part by excess debt, all the world’s major economies have higher levels of borrowing than they did in 2007, said a report released this week. Meanwhile, one country has responded to excess debt among the poor by forcing lenders to forgive it. We discuss these developments, and some great financial inclusion news coming out of India, in this Roundup.
- Categories
- Agriculture
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Egypt, MasterCard Sign MoU to Drive Financial Inclusion
The Government of Egypt, represented by The Ministry of Communications and Information Technology, and MasterCard have signed a Memorandum of Understanding (MoU) to establish a strategic collaboration that will help drive financial inclusion and maximize government efficiency.
- Categories
- Uncategorized
- Region
- North Africa & Near East
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Orange and Ecobank form African m-banking partnership
Orange has struck a deal with Ecobank that will enable customers in several African countries to transfer money between accounts with the telco and financial services group through their mobile phones.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Here’s where Africa’s payments revolution should be happening today
In emerging markets, mobile money services have the power to simplify lives, offering people the convenience of paying from anywhere and at any time, but also to transform them, playing a social noble role by addressing the unbanked or underserved population in Africa, offering them payment services they did not have access to before.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Mastercard Opens Tech Hub and Preps for Masterpass in India
MasterCard has opened its largest Tech Hub outside of the U.S. in Pune, India, and plans to roll out its mobile payments system in April, the card brand said on Wednesday (Feb. 4).
- Categories
- Uncategorized
- Region
- South Asia
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Ethiopia Launches Mobile Money Schemes to Extend Banking Reach
Ethiopian banks and microfinance firms are launching mobile money services, helping reach swathes of the population that now have little access to branches or services, the mobile technology providers and banks said.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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