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Cyber-threats increase as India goes cashless: Study
As India shifts to a cashless economy, cyber-threats are at a new high with the number of such incidents occurring in banking systems increasing in the last five years.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Why M-Akiba bond may present new headache to many banks in Kenya
The banks, which are already reeling from the effects of interest rates capping, now face huge competition on deposits from the bond, which gives 10 per cent interest a year, above the capped 7 per cent that banks are offering.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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The Future of the Graduation Approach: Taking a Proven Anti-Poverty Measure to Scale
How can the "graduation" approach to fighting extreme poverty achieve a scale commensurate with extreme poverty itself? Increasingly, the answer is to embed graduation within government-run social protection programs that already operate at massive scale. MetLife Foundation's Krishna Thacker explores why the approach works, and how innovative organizations are taking it to the next level.
- Categories
- Education
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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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