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Kenya’s Safaricom’s overdraft service exceeds expectations
Started 11 years ago as a service to allow Kenyans without access to the banking network to transfer money via mobile phones, M-Pesa now offers loans and savings in conjunction with local banks, as well as merchant payments services.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Go-Jek buys fintech startup Coins.ph for $72M ahead of Philippines expansion
Today, Go-Jek announced it has acquired local fintech company Coins.ph through “substantial investment,” which gives it a majority stake in the business.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech, startups
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Flutterwave and Visa launch African consumer payment service GetBarter
The app-based offering is aimed at facilitating personal and small merchant payments within countries and across Africa’s national borders.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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WorldRemit set to boost Ethiopia’s remittance income
“We are proud to be a pioneering bank in modernizing Ethiopia’s payment systems. The various e-payment facilities deployed have enabled us to become the number one provider of technology-based banking services,“ CBE President Bacha Gina said.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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The latest frontier of China’s mobile payments boom is prisons
Alipay, digital payment giant Ant Financial’s mobile platform, confirmed on Monday (Jan. 14) that it has rolled out a new feature allowing prisoners to receive and spend money.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Ant Invests $40M In Indonesia FinTech Akulaku
Launched in 2016, Akulaku started out with a virtual credit card before developing its own eCommerce platform, boasting 3C products and virtual payment scenarios.
- Categories
- Finance
- Region
- Asia Pacific
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Why the next big thing in fintech is not mobile payments
The next big thing in fintech isn’t mobile payments – it’s data.
- Categories
- Finance
- Region
- Asia Pacific
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In China, cash is no longer king
A cashless society has many advantages, including lower transaction costs. But it also creates a divide between those who can make cashless payments and those who cannot.
- Categories
- Finance
- Region
- Asia Pacific
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