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Wall Street Sees Bitcoin’s Legacy as Payment System: Currencies
While a Texas Senate candidate is accepting Bitcoin campaign donations, and Overstock.com customers can use the technology to buy engagement rings, Wall Street sees its future more as a payment system than a currency.
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- digital payments
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Let Me Keep My Cash: The challenge of digitizing wages in Bangladesh’s garment sector
In the search for ways to jump-start the use of electronic money, some proponents are focusing on the digitization of wage and salary payments. But InterMedia’s latest research in Bangladesh suggests that convincing workers to embrace cashless payments may not be a slam-dunk.
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OPINION: ‘Digital Money Will Save the World’s Poor’ and Other Delusions
Last November several people spoke at a Senate hearing to defend bitcoin. I already got a little cranky about them, but looking back over their testimony, there’s another small thing that they all believe that is unsupported by real-world experience: Bitcoin will help people who don’t currently use a bank.
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- digital payments
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Mobile transactions in Kenya hit USD $19.6 billion in 2013
Kenyans transacted KSh1.7 trillion (US$19.6 billion) through their mobile phones in the first 11 months of 2013, underscoring the increasing significance of handsets in the financial services sector.
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Growth Of Payroll Cards Brings Financial Inclusion For Unbanked Americans
According to a recent Federal Deposit Insurance Corporation (FDIC) survey, more than 68 million Americans live day to day in a cash-only economy. They pay their bills and buy groceries with cash and what money they save is stuffed under the proverbial mattress.
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Beyond M-Pesa, Kenya’s market slow to scale mobile solutions
Kenya has emerged as the tech superstar of Africa, spurred by its mobile adoption, entrepreneurial spirit and forward-thinking regulations.
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What’s Holding Back China’s Mobile-Money Market?
China further solidified its position as a market that could greatly impact payments in 2013
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- Education
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- Asia Pacific
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The Power of Interoperability: An interview with Zahir Khoja, CEO of MasterCard’s Mobile Payment Solutions
Lack of interoperability is widely seen as a key barrier to mobile money’s global uptake. But MasterCard’s Mobile Payment Solutions thinks it has found an answer. In this interview with Mercy Corps’ Kyla Yeoman (part 3 of our Mobile Money Movers series), CEO Zahir Khoja discusses the challenges of working with telcos, banks and merchants, and the ways that an interoperable payment tool can impact people’s daily lives at the BoP.
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- Finance