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IFC and MasterCard to partner to broaden use of electronic payments by micro, small and medium enterprises
Universal financial access cannot be achieved by simply providing individuals a transaction account. Micro, small and medium Small Businessbusinesses—with whom most of the unbanked transact on a day to day basis—must be able to accept electronic payments.
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- Technology
- Tags
- digital payments
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Telcos in Ghana to begin interest payments to mobile money subscribers
Some telecommunication companies are concluding moves to pay interests to their various subscribers once the Bank of Ghana directs on how the payments must be done.
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- Uncategorized
- Region
- Sub-Saharan Africa
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The Indian start-up that may sideswipe Apple Pay
With 900 million mobile phone users and a sophisticated biometric digital ID issued to every citizen, India is increasingly attractive to companies that provide mobile financial services.
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- Technology
- Region
- South Asia
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Western Union introduces US-Cuba money transfers
The Western Union Company pioneered mobile and online money transfers to Cuba via the Western Union app and wu.com in the U.S., paving the way for a new generation of tech-savvy customers to move money into Cuba in minutes.
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- Uncategorized
- Region
- Latin America
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The incredibly brilliant way people are now paying for things in Asia
In recent years, millions of people have grown accustomed to using messaging apps to communicate. Some of these apps now support person-to-person digital cash transfers. So the next step is pretty logical.
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- Technology
- Region
- Asia Pacific
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(Reinvented) Weekly Roundup: Cashless Betting, Good Pod, Beautiful Resolve
NextBillion is changing the format of our Weekly Roundup. Rather than more lengthy, editor-written analysis of weekly events, on Fridays we’ll curate a number of news articles, announcements, tweets, videos and other media that captured our attention over the course of the week.
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- Social Enterprise
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BETWAY enters Ghana’s market with cashless sports betting
Leading international sports betting outlet BETWAY has entered the Ghanaian market with cashless betting. The web/mobile-based betting system runs on the regular mobile money platform of the various telecom companies in Ghana.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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Tech Mahindra Is the Third Entity to Drop Its Payments Bank Plan in India
Mahindras on Tuesday became the third entity to drop out of the payments bank race, saying business profitability would take longer time due to “aggressive posturing” by many deep-pocketed players.
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- Uncategorized
- Region
- Sub-Saharan Africa