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New Heists Reveal Two Key Things About The Evolution Of Bitcoin
The bad news is that three Bitcoin thefts made headlines this week.
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- digital payments
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MasterCard prepares for African growth
MasterCard was eyeing a slice of the expected exponential growth from the emerging African market in coming years, particularly as mobile payments surged, Aaron Oliver, the head of emerging payments in the Middle East and Africa for the multinational firm, said yesterday.
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Kenya’s Safaricom Plans to Disrupt Mobile Market with Contactless Transactions
For a successful deployment, Safaricom is expected to build an NFC infrastructure countrywide, just like it did with its mobile money agents so as its subscribers can pay for services and buy goods anywhere in the country.
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- Sub-Saharan Africa
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Uganda Telecom to Upgrade Mobile Money Platform
Uganda telecom, a partially state owned telecommunication service provider, has signaled it will embark on upgrading its mobile money banking platform, M-Sente, in the next two weeks to enable their customers enjoy the service flawlessly.
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- Sub-Saharan Africa
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PRESS RELEASE: Western Union Expands Mobile Money Transfer Network in Nigeria
New relationship with Paga gives more than 1.2 million Paga subscribers access to Western Union services.
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- Sub-Saharan Africa
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OPINION: Bitcoin and mobile payments: Don’t get your hopes up
Before there were cell phones, there was the dream. You know the dream, the dream of techno-optimists everywhere: Get rid of the wallet. Make money electronic. Get rid of those inconvenient technologies like cash and credit cards, and put it all on your phone. Pay by punching a key on your phone. Like in Japan! And cut out a few middlemen while we're at it. Admit it, we've all fantasized about it.
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OPINION: GiveDirectly? Not So Fast.
GiveDirectly is the current flavor of the month, and every couple of days someone asks us what we think of it. GiveDirectly does unconditional cash transfers—it sends money via mobile payment straight to the poorest people in Kenyan villages. It’s a brilliant approach to cutting out corruption and waste: 93 cents of every donated dollar goes to recipients as cash, and those recipients reliably spend it on food, housing, health care, education, and business investment.
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- Education, Impact Assessment
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Boosting Financial Inclusion in Nigeria with Mobile Money, Electronic Cards
Nigeria is bent on achieving financial inclusion through the ongoing cashless initiative, but the exercise is rather too slow, hence the need to increase awareness campaign on the use of mobile money and electronic cards as alternative channels, writes Emma Okonji.
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