-
IMF Head Says Central Banks Should Look At Issuing Digital Currency
According to the Financial Times, as it stands now, central banks are divided on how to respond to the increase in digital payments and digital tokens.
- Categories
- Finance
-
MTN is planning to launch its mobile money service in Nigeria next year
The company will apply for a mobile banking license in Nigeria and plans a launch of its mobile money service in Africa’s largest economy in the second quarter of next year, its CEO said at a trade show in Cape Town on Tuesday (Nov.13).
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
-
New Income Tax in Rwanda Causing Major Financial Strain for Many Mobile Money Agents
More than 7 million Rwandans do their banking through their cellphones, but many of the agents who facilitate the banking transactions never declared their income to the country’s tax authority. Now the tax authority has started taking a 15-percent withholding tax from these agents’ incomes with the cellphone provider, plunging some of these agents into financial turmoil.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Africa’s dominant mobile money service is going global
M-Pesa’s over 23 million active subscribers in Kenya will also be able to send and receive money through their phones and be connected to WU’s 500,000 global agents.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Press release: Fintech activity in Latin America spreads to 18 countries
The report provides data which, while illustrating the challenges that the industry faces, also reflects an inevitable transformation of the financial sector and the role that entrepreneurs play in accelerating innovation and changing the way in which people have interacted until now with financial services.
- Categories
- Finance
- Region
- Latin America
-
India’s Biggest Private Company Gets Paid on a Blockchain
Reliance Industries, India’s largest private sector firm, has successfully participated in its first ever trade finance transaction powered by blockchain technology.
- Categories
- Finance, Technology
- Region
- South Asia
-
Visa strengthens East Africa presence through partnership with Tanzanian telecom firm
Through the partnership, HaloPesa will offer consumers the option to pay a merchant with interoperable Visa QR Codes that are being rolled out as part of Visa on mobile expansion in the market.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
-
Banker proposes new blockchain technology for African market
A new mobile phone blockchain network is under development and is projected to acquire large-scale consumer adoption in Sub-Saharan Africa by 2021.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.