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Visa pushes further into Africa
Visa has partnered with Interswitch, Africa's integrated payments and transaction solutions company, to bolster adoption of mVisa, the card network’s mobile payment solution, according to Vanguard.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Bridging financial inclusion with technology is key
Sonny Singh, Senior VP and GM of Oracle's Financial Services Global Business Unit, tells Anup Jayaram how the company is helping facilitate digital banking in India.
- Categories
- Technology
- Region
- South Asia
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There are too many e-wallets in India and most are near-empty
While the Indian e-wallet industry’s size stood at an estimated Rs154 crore in 2015-16, it is expected to zoom to Rs30,000 crore by the end of 2021-22. And everyone, from financial technology companies to banks to the government-backed National Payments Corporation of India, is scrambling for a share of that pie.
- Categories
- Uncategorized
- Region
- South Asia
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Commentary: The Surprising Resilience of Cash Transactions
While Singapore, the Netherlands, France, Sweden and Switzerland are among the least cash reliant countries, in Malaysia, Saudi Arabia, Peru and Egypt, only 1 per cent of transactions are cashless. Even some highly advanced countries, such as Japan, are still highly reliant on cash.
- Categories
- Uncategorized
- Tags
- digital payments
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Fintech companies take on banks, telcos with big data arsenal in Africa
Developing markets such as Kenya do not yet have the levels of Internet penetration and e-commerce sophistication to attract these online giants turned fintech entrepreneurs. At the same time, a stable of local fintech companies are sprouting and they are expected to mature as fast Internet becomes more affordable and as Kenyans embrace shopping and banking online.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Hike beats WhatsApp to launching messenger app payments in India
Hike, which is introducing version 5.0 today, is starting out with peer-to-peer and bank-to-bank payment options, the former being an in-app wallet that is not dependent on a bank account and the latter a service powered by India’s government-backed UPI payment system. Beyond sending cash to each other, Hike has also introduce a ‘blue packet’ feature that lets users gift digital envelopes of cash for special occasions, such as birthdays.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Why cross-border payments are the next innovation frontier
Market analysts have predicted that cross-border payments are the next frontier where innovative technologies will challenge the existing expensive, clunky business models.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Android Pay now used for international P2P transfers, courtesy of WorldRemit
This is a first for Android Pay, which up to now has been used for in-app and contactless payments and to make P2P transfers to people in the same country, but never international P2P money transfers.
- Categories
- Technology
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