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Viewpoint: The Importance Of Payments: How Happy SMEs Make Happy Economies
Some still believe instant payments are a luxury that businesses simply do not need. After all, payments have always taken days or weeks in the past. But if we look back over the past 15 years or so, we can see significant change in the market yet comparatively little change in the payment processes and timescales involved.
- Categories
- Finance
- Tags
- digital payments
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Co-Existence of Cash and Digital – the Key to Financial Inclusion Amidst COVID-19 Pandemic
In these critical times, the Government & Regulatory Bodies like National Payment Corporation (NPCI) of India have urged people to opt for digital or contactless payments. There were two main reasons for this. Firstly, using digital payments would reduce social/physical movement of people and secondly it will minimise any possible risk of spreading virus via cards or ATMs.
- Categories
- Coronavirus, Finance
- Region
- South Asia
- Tags
- digital payments
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Press Release: Impact of COVID-19 on the Online Payment Methods Market in the Middle East & Africa
According to the report, cash on delivery was the leading payment method preferred by online shoppers in Saudi Arabia, Jordan, Egypt, Morocco, Kenya, and other countries in this region, as of 2019. The COVID-19 outbreak in early 2020, however, is changing this perspective.
- Categories
- Coronavirus, Finance, Technology
- Region
- North Africa & Near East
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An Unlikely Mobile Money Success Story: How Somalia’s Civil War Laid the Foundation for a Cashless Society
Somalia has been ravaged by civil war, and the repercussions of the conflict continue to this day. Yet out of this violence and economic turmoil, a thriving mobile money ecosystem has emerged. According to Ahmed Muhamud Yuusuf at Hormuud Telecoms, the country has become the world’s first truly cashless economy. He explores the many positive impacts this accomplishment has had.
- Categories
- Finance, Technology, Telecommunications
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When Digital Payment Goes Viral: Lessons from COVID-19’s Impact on Mobile Money in Rwanda
Cash can help spread COVID-19, so some African countries have ramped up efforts to expand digital payments to fight the virus. According to Isabelle Carboni and Hennie Bester at Cenfri, this imperative to digitize is one of the key opportunities to emerge from the pandemic. They explore the early experiences of Rwanda, in assessing the impact these efforts can have.
- Categories
- Coronavirus, Finance
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Google and Gates Foundation to Help Spread Digital Payments in Developing Countries
The initiative would help tie together a growing array of digital financial services.
- Categories
- Finance, Technology
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South Sudan’s M-Gurush Joins Mobile Money Remittance Business
The launch of this remittance service comes at a time where digital money transfer services such as mobile money and electronic banking are being supported by various governments as a way to curb the spread of COVID-19.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Why COVID-19 Could Delay Interswitch, Africa’s Next Big IPO
The tech firm’s path from startup to IPO aspirant traces back to the vision of founder Mitchell Elegbe, a Nigerian electrical engineering graduate whose entire career has pretty much been Interswitch.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
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