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Cashless payment hopes pinned on developing nations
Business and civil interests representing the mobile payments markets are developing global principles, standards and codes of conduct for digital finance, as cashless payments move to the fore in the developing world.
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- Uncategorized
- Tags
- digital payments
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South African Bitcoin exchange debuts mobile wallet
South Africa’s largest Bitcoin exchange, BitX, has launched a Bitcoin mobile wallet that makes storing and using the cryptocurrency easier and safer for consumers in emerging markets.
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- Uncategorized
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- Sub-Saharan Africa
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NexThought Monday – Mobile Money Interoperability is Not a Silver Bullet for Financial Inclusion
Interoperability between mobile money operators is a hot topic right now. Various stakeholders have placed it at the top of their agenda, hoping it will prove to be a key to increasing mobile money adoption and advancing financial inclusion. But though interoperability can undoubtedly help extend the reach of mobile money, Selma Ribica of Vodafone Group argues that it can also pose significant risks.
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- Uncategorized
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Take that, Telecoms: Helix’s Bangladesh study shows that banks and other players can also scale mobile money agent networks
Bangladesh has a burgeoning competitive landscape in mobile money, and due to regulations, none of the major players are telecoms. In other markets, telecoms have used their marketing budgets, national retailer networks and other advantages to scale digital financial services. But Bangladesh has shown that banks and third party providers can also succeed in the space. The Helix Institute discusses this and other findings from their recent study.
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- Education
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Equity says 200,000 have signed up for its mobile money platform in Kenya
EQUITY Bank yesterday said it has “quietly” registered over 200,000 customers on its mobile money transfer platform, Equitel, in the ongoing rollout.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Weekly Roundup – 11/1/14: Apple Pay is here – should low-income consumers care?
As you may have heard, Apple recently launched a mobile payment app in the U.S. Within three days, it had become the top mobile wallet in the country - and sparked some surprising resistance. We discuss the implications for low-income consumers in the U.S. and emerging markets, along with some good news in global development, in this Roundup.
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- Impact Assessment, Technology
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Zimbabwe’s OneWallet posts massive loss as EcoCash thrives
Government-ownded mobile phone operator NetOne generated a paltry US$1 194 in revenue from its mobile money transfer platform OneWallet for the year-ending December 31 2012 after investing close to a quarter of a million dollars in the product.
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- Uncategorized
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- Sub-Saharan Africa
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PRESS RELEASE: Mobile Money for the Poor Expanded to Enable Millions in Africa to Access Financial Services
UNCDF, the UN’s capital investment agency for the world’s 48 Least Developed Countries (LDCs),has partnered with The MasterCard Foundation to expand a flagship program that will enable three million low-income clients in Africa to access mobile financial services for the first time.
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- Uncategorized
- Region
- Sub-Saharan Africa
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