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Safaricom Extends Lead on Mobile Money Transfers
Safaricom has expanded the value of mobile money transfers under its M-pesa platform by 4.45, latest industry data shows, as the company continues to lead in the mobile money market.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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New mobile payments facility to help enhance financial inclusion in Rwanda
Rwanda’s cashless economy push has received a timely shot as regional lender KCB Bank Rwanda prepares to launch a new payment system that is tipped to expand digital and mobile banking services across the country.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Nigeria: Central Bank Bars Banks From Virtual Currency Transactions
The Central Bank of Nigeria, CBN, Tuesday, banned banks from all transactions in bitcoin and other virtual currencies. A circular signed by the apex bank's director, financial policy and regulation department, Kelvin Amugo, stated that the move was necessitated by money laundering and terrorism financing risks inherent in operations of virtual currencies.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Mastercard helps expand financial inclusion in Pakistan by optimizing National ID cards with e-payment functionality
Mastercard, a leading technology company in the global payments industry, announced a strategic collaboration with Pakistan’s NADRA Technologies to optimize National ID cards with electronic payments functionality. The move will allow Pakistani citizens to carry out financial transactions and receive government disbursements by utilizing the unique 13-digit identification number of their identity card.
- Categories
- Technology
- Region
- North Africa & Near East
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New CGAP Survey Finds Technology Alone Cannot Deliver Successful Interoperability in Digital Financial Services
No matter how well designed the technology, interoperability in digital financial services will not reach its full potential unless the right business structure and incentives are in place, CGAP found in its new report, Digital Finance Interoperability and Financial Inclusion: A 20-Country Scan.
- Categories
- Technology
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MobiKwik, Paytm Go Multilingual As e-Wallets Tap Users in India’s Hinterland
Majority of the mobile wallets companies are launching multilingual interfaces as focus shifts to make digital payments and commerce more inclusive and widespread by enabling users to transact in their native languages following demonetisation.
- Categories
- Technology
- Region
- South Asia
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Transforming the digital payment infrastructure in India
In the aftermath of demonetisation, millions of Indians have switched to digital modes of payment for their daily transactions. To fuel this momentum, the Union government has announced a slew of incentives further encouraging citizens to go cashless.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments
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BitPagos, Now Ripio, Lands $1.9M to Promote Financial Inclusion in South America Using Bitcoin
BitPagos, a bitcoin and digital payments startup that was a Battlefield finalist at TechCrunch Disrupt New York 2016, has closed a $1.9 million Series A round to expand its services in its native South America.
- Categories
- Uncategorized
- Region
- Latin America