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Tanzania: Mobile Cash Transactions Rise Five-Fold Over the Past Year
The amount of cash transacted across networks of mobile phone platforms reached Sh988.9 billion during the second half of last year as telecom firms become an increasingly important payment avenue, giving commercial banks a run for their money.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Social Business Roundup: Transaction-Fee Wrangling and a Reason to Pay Attention at Your Next Conference
M-Pesa (finally) moves toward fee transparency ... but it didn't take banks long to react. That's one insight in our weekly roundup. We also zone in on high-level impact investing discussions held 1,600 miles apart, The MacArthur Foundation's tightening focus on world-changing ideas, India's cash crackdown and why it could pay to pay attention at trade shows.
- Categories
- Investing
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The Hidden Cost of Digital Convenience
Technology has the potential to reduce costs and provide added financial benefits to poor clients, but a new paper discusses a downside to digitizing group microfinance transactions; namely, a reduction in group cohesion and sensitivity to transaction fees. Innovations for Poverty Action and others are partnering with product designers and microfinance groups to overcome these challenges.
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- Uncategorized
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Mastercard Commits to Financially Including Over 150,000 Kenyan Merchants With Masterpass QR
Mastercard commits to empowering over 150,000 Micro, Small and Medium Enterprises (MSME) in Kenya within 2017 by giving them access to Masterpass QR. The mobile driven, Person-to-Merchant payment solution will be introduced through various financial institutions and other partners in the market from February onwards.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Using Evidence to Optimize Savings and Loan Payment Channel Choices
The OPTIX team at BFA, along with partner Banco WWB in Colombia, set out to learn more about various client interactions with financial service providers; for instance, why do clients choose a certain transaction location? The work is designed to help Banco WWB strengthen their business while creating a more compelling portfolio of services for their customers’ needs.
- Categories
- Finance
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How the mobile can power digital India
The call for digital cash, or going cashless, has never been as loud and clear as it has been in the past two months across India. One of the positive impacts of demonetisation has been the exploration of alternate methods of payment such as credit and debit cards, online money transfer and payments, use of e-wallets, digital transaction apps such as BHIM, etc. The various means of digital payments have made life a little easier.
- Categories
- Technology
- Region
- South Asia
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Indian Digital Wallet Firm MobiKwik in Talks to Raise Funds, Eyes $1-Billion Valuation
Indian mobile payments and digital wallet firm MobiKwik says it is in talks to raise more funds at a level that would give the start-up a $1 billion (roughly Rs. 6,698 crores) valuation, as it pushes to forge new ties with banks and offer new financial services on its platform.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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MasterCard Partnering with Kenyan Government to Roll Out New Payment Card
Mastercard is partnering with the local government in Kenya to help address the growing problem of citizens having to move from place to place in order to access and pay for government services.
- Categories
- Technology
- Region
- Sub-Saharan Africa