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Mastercard and Angaza shine for payments in emerging markets
San Francisco-based Angaza provides a pay-as-you-go (PAYG) embedded metering and monitoring technology, while Mastercard brings its digital payment solutions and infrastructure including QR technology.
- Categories
- Energy, Finance, Technology
- Region
- South Asia
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Press release: GSMA Report Highlights 20 Per Cent Annual Increase in Mobile Money Accounts to More Than 866 Million Worldwide
“The mobile money industry is fast-evolving against a backdrop of increasing internet access and smartphone adoption, and now more than ever, mobile’s unparalleled global scale provides a tremendous opportunity to reach the 1.7 billion people who remain financially excluded.”
- Categories
- Finance
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Crypto-currencies gaining popularity in Kenya
Interest in virtual currencies is rising across the African continent, especially in Kenya, Africa's Silicon Valley.
- Categories
- Finance, Technology
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Accenture, Mastercard and Amazon Web Services create blockchain powered circular supply chain
Accenture has partnered with Mastercard, Amazon Web Services (AWS), Everledger, and Mercy Corps to explore solutions that will “empower consumers, enable transparency and promote financial inclusion for small-scale producers” through a circular supply chain.
- Categories
- Finance, Technology
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Mexico pushes mobile payments to help unbanked consumers ditch cash
It is planning a digital payments system run and built by the central bank that will allow Mexicans to make and receive payments through their smartphones free of charge. A pilot roll-out for the platform, known as CoDi, is expected by March.
- Categories
- Finance
- Region
- Latin America
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Machine Learning in PAYGo: What You Need to Know Before You Jump In
Machine learning is an exciting technology with plenty of potential applications in social impact business. But as Jacob Winiecki at BFA points out, the hype around the approach may make it tempting to jump in without first determining if it's the right tool for the job. He offers a clear run-down of how machine learning actually works in practice, along with three concrete steps for how a PAYGo enterprise can implement the technology, based on the work BFA’s FIBR Project has done with ZOLA, a leading PAYGo solar operator in Africa.
- Categories
- Energy, Finance, Technology
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India’s Business Correspondent Model is Revolutionary – and It’s Failing: Here’s How to Turn Things Around
For years, India's banking system struggled to reach poor, rural populations. But the global revolution in digital payments has created new opportunities to connect these households with formal finance. One such approach – the business correspondent model – has shown promise, bringing a network of tech-enabled banking agents into underserved communities. But as Moin Qazi explains, the model is facing challenges that are undermining its considerable potential. He explores some key solutions for changing this dynamic.
- Categories
- Finance
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Uganda Calls on Mobile Money to Cultivate New Debt Investors
Ugandans with mobile money accounts, many of whom had limited access to banks, will now be able to directly buy government debt. The move follows a similar move by Kenya in 2017 and will also open the market up to Uganda’s Diaspora.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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