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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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In-store mobile transactions boom for South Africa
South African consumers are driving a mobile transacting revolution enabled by a slew of innovative home-grown technology companies. So says Bevan Ducasse, CEO of wiGroup, following the release of the company's white paper on in-store mobile transacting.
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China’s central bank halts Tencent, Alibaba mobile payment process
China's central bank demanded on Friday that payments made by scanning a bar code with mobile devices be halted, hitting the payment arms of Internet companies Tencent Holdings Ltd and Alibaba Group Holding.
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Kopo Kopo Goes International, Ready to Integrate Mobile Money Payments from Merchants Around the World
In an exclusive interview with TechMoran, Ben Lyon of Kopo Kopo said that 2014 is the year of partnering with payment providers to build and manage merchant networks.
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- Region
- Sub-Saharan Africa
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Moving India Toward Universal Financial Inclusion: Part 2 of our Q&A with Nachiket Mor
The Nachiket Mor committee report on financial inclusion in India has sparked excitement and debate domestically and around the world. In part two of our Q&A with Mor, we discuss India’s move toward a cashless economy, the need for responsive regulations, and how the committee’s recommendations could impact India’s economy and low-income communities.
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Mobile payment solution from First Bank of Nigeria Ltd secures U.S. $12 Million from Gates Foundation
In apparent move to boost the nation's financial inclusion drive, the mobile payment solution from First Bank of Nigeria Ltd, Firstmonie has secured a grant of $12million US dollars from the Bill & Melinda Gates Foundation to execute the project.
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