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3 ‘model countries’ selected for a new financial inclusion initiative
“The three countries selected were chosen based on potential for country programs, level of national government and private sector commitment to financial inclusion, number of people that could be reached through digital financial services, and potential for reforms to encourage innovation and digital technologies use,” read a statement issued Thursday.
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- Uncategorized
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In Urban China, Cash Is Rapidly Becoming Obsolete
Almost everyone in major Chinese cities is using a smartphone to pay for just about everything. At restaurants, a waiter will ask if you want to use WeChat or Alipay — the two smartphone payment options — before bringing up cash as a third, remote possibility.
- Categories
- Uncategorized
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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Visa chasing Indian payments market as mobile money gains traction
Kelly stated during the company’s Q3 fiscal earnings call that while India presented massive opportunity, the firm faced strong competition from companies offering more innovative solutions that Visa’s typical rivals.
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- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Finca launches Pakistan’s first ever digital wallet
SimSim, a mobile payment platform, was introduced in partnership with Finja – an internationally funded FinTech startup – at a launch event Thursday night at Mohatta Palace, Karachi. The event was attended by major industry stakeholders, government officials, artists, tech enthusiasts and media figures.
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- Technology
- Region
- South Asia
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Bitcoin – an opportunity for African trade?
Bitcoin continues to be the subject of much debate and controversy, but for many African companies the choice is simple. For them, the cryptocurrency is not at all related to anonymous black market business – it’s about enabling them to flourish. Sanne Wass speaks with Elizabeth Rossiello of BitPesa to find out more.
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- Technology
- Region
- Sub-Saharan Africa
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Visa’s payment service stirs competition in Kenya’s mobile money market
A global payments firm Visa has taken the competition for mobile money service a notch higher with the launch of mVisa that enables Kenyans use mobile phones to transact cash and make payments. The rollout of the service will enable Kenyans make free domestic mobile money transfers using mVisa.
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- Uncategorized
- Region
- Sub-Saharan Africa
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- digital payments, fintech
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Global Remittances Conference has named Africa as the most expensive place to send money globally
“The absence or weakness of a digital payments infrastructure and acceptance network, a financially included population, and/or an identification system means that many of the traditional acceptance services, such as terminating into a bank account or mobile wallet, are not always available,” the report says.
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- Uncategorized
- Region
- Sub-Saharan Africa
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MobiKwik partners with Samsung Pay for one-tap payment solution in India
Digital payments company MobiKwik has partnered Samsung Pay, under which consumers will be able to make payments with a single tap using select Samsung handsets.
- Categories
- Uncategorized
- Tags
- digital payments, fintech
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