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Ghana Mobile Money Interoperability Transactions Rise 400 Percent in Six Months
The huge jump in the MMI volume could be attributed to increased awareness that funds can now be transferred across wallets of different telecommunications networks.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Avoiding the Downside of Instapay: Five Behavioral Science-Based Principles to Make Paycheck-on-Demand Benefit Low-Income Users
There are numerous apps and employers that allow employees to cash out their paychecks on demand, rather than waiting until their usual payday. But while this may seem like a dream come true for people who need quick cash to deal with financial distress, "instapay" also comes with tradeoffs. Analysts at Common Cents Lab discuss these downsides – and some behavioral science-based solutions.
- Categories
- Coronavirus, Finance, Technology
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Vodacom Partners with China’s Alipay to Create ‘Super App’ in South Africa
Vodacom Group plans to create a ‘super app’ in partnership with digital payment provider Alipay, part of China’s Alibaba group, to allow consumers in South Africa to shop online, pay bills and send money to family from next year.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Digital Payment Grows in Philippines Amid COVID-19 Fears
Digital payments are fast gaining currency in the Philippines as consumers ditch cash to avoid physical contact on worries over catching coronavirus.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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Visa On The Role of ‘Super Apps’ In Driving Emerging Market Growth
Bringing digital finance to emerging markets like MENA is crucial, as micro merchants of one to two people, often underbanked or unbanked, drive these regional economies. Many are from one country and working in another, sending money cross-border to people back home.
- Categories
- Finance, Technology
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Digital Financial Inclusion in the Times of COVID-19
The COVID-19 pandemic could be a game changer for digital financial services.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Investing in Digital Agriculture Can Help Africa Beat This Pandemic
We need to bridge Africa's data gap to strengthen food, health and economic security, and overcome a predicted continent-wide recession
- Categories
- Agriculture, Coronavirus, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, NGOs, startups
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Overthrowing the King: Could Central Bank Digital Currencies Replace Cash in Post-COVID-19 Africa?
Despite advances in digital technology, cash has remained the undisputed king of payments in sub-Saharan Africa. However, as Michaella Allen and Christine Hougaard at Cenfri explain, COVID-19 has placed a stigma on cash and led governments across the region to actively encourage digital payments. They explore the implications of this shift, and whether it could make central bank digital currencies a viable alternative.
- Categories
- Coronavirus, Finance, Technology
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