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The One Chinese Innovation that Could Change the Way We Think About Money
The new China International Payments System (CIPS), which is set to debut before the end of 2015, has been described as a “worldwide payments superhighway for the yuan.” What the creation of such a system means in the short-term is that the Chinese currency (officially known as the renminbi) has the potential to become a truly international, convertible currency and a more attractive currency for conducting international trade and finance. What it means in the long-term is that America’s long reign of economic dominance is at risk.
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- Energy
- Region
- South Asia
- Tags
- digital payments
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‘Financial inclusion is not going to be realized without smartly leveraging technology’: An interview with Carol Caruso, Senior Vice President, Channels and Technology at Accion
With cellphones booming in developing countries, achieving universal financial inclusion by 2020 is no longer unrealistic. Accion has been at the forefront of digital finance as an anti-poverty tool. We recently spoke with Carol Caruso, who leads Accion’s Channels & Technology unit, about what the future holds.
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- Uncategorized
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M-Pesa: Vodacom Tanzania, Safaricom Kenya Connect on Transfers
Over 7 million M-Pesa customers in Tanzania and over 18 million Safaricom customers in Kenya can now send and receive money from each other. This revolutionary service allows for mobile wallet-to-wallet transfers between the two largest telecom operators in East Africa. Now, customers can transfer funds across the border at the same rate as sending money locally.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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MasterCard and Microsoft partner to promote financial inclusion in Mexico
MasterCard and Microsoft announced a partnership to promote economic development in Mexico by supporting the base of the economy, the micro merchant, through comprehensive projects and innovative solutions in information technology, communication and payments
- Categories
- Uncategorized
- Region
- Latin America
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Ghanaian startup hopes “ethical pricing” prompts surge in African Bitcoin remittances
Ghanaian startup Beam is banking on the fact heavily undercutting other remittance services will lead to large uptake of Bitcoin across Africa.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Europeans Selling Mobile Payments Should Ask Africa for Help
As telecommunications carriers in Europe seek a share of the billions of dollars likely to flow to companies that build mobile-payment systems, Claudio Chiche has a few words of advice: Ask Africa for help.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Bitcoin Startups Bring ‘Rebittance’ Service to Argentina and Mexico
Bitcoin startups Volabit and SatoshiTango have opened a money transfer service between their respective countries through a collaboration called Coinnect.
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- Uncategorized
- Region
- Latin America
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PRESS RELEASE: GSMA Report Shows Active Mobile Money Customers Increased by Over 40 Percent to 100 Million in 2014
The GSMA’s Mobile Money for the Unbanked (MMU) programme today released its fourth annual ‘Mobile Financial Services State of the Industry Report’, providing a quantitative assessment of the state of mobile financial services, including mobile money, mobile insurance, mobile savings and mobile credit.
- Categories
- Education
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