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More phones, few banks and years of instability are transforming Somalia to a cashless society
In the streets of Mogadishu, the future has arrived: cash is disappearing, credit cards are unnecessary, and daily shopping is speedy and digital.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Africa’s Big Banks Are Betting on Fintech Startups and Bitcoin to Beat Disruption
African banks have been late to the fintech party, but after leaving huge swaths of the population to get their financial services from telcos(most famously Safaricom’s M-Pesa in Kenya), banks here are increasingly seeing the continent as a testing ground for new financial technologies like bitcoin and the blockchain.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Bangladesh Moving Toward Major Financial Inclusion Push
In a massive step, the government is going to expand digitalisation of financial transaction across the country and take it beyond the banking system.
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- Technology
- Region
- South Asia
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Are Mobile Wallets Here to Stay? Or Is Cash Still King for the Indian Consumer?
A burgeoning middle class, rising levels of disposable income, better internet services than ever before, skyrocketing growth of smartphone usage, investor money flowing into the mobile payments industry– the time has never been better for India’s mobile wallet startups, for sure. But is the Indian consumer reluctant to give up cash? If so, why?
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- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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New Company From GiveDirectly Founders Aims to Streamline Payment Systems
The Global Innovation Fund announced its first round of investments on Tuesday, the first of which went to Segovia, a software technology platform to streamline payment systems.
- Categories
- Technology
- Tags
- digital payments, fintech
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Vodafone Wallet & PayPal Ink Payments Partnership
The partnership will enable PayPal customers to link their accounts to Vodafone Wallet, allowing them to use Android smartphones to make contactless payments. According to PayPal’s European CEO, this marks the first time PayPal users will be able to make contactless payments.
- Categories
- Technology
- Region
- Europe & Eurasia
- Tags
- digital payments, fintech
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Egyptian Government and Visa Sign Agreement to Help Bring Electronic Payments to Government Subsidies
The Egyptian government, represented by the Ministry of Supply and Internal Trade and the Ministry of Planning, this week signed a Memorandum of Understanding (MOU) with Visa Inc., to enable electronic payment of government subsidies to 22 million Egyptian families.
- Categories
- Technology
- Region
- North Africa & Near East
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India: Moving a Billion People into Digital Finance
Digital finance has great potential to improve life for consumers and merchants in India. But the lack of familiarity has impeded digital money’s growth in the country. This lack of awareness exists despite India Prime Minister Narendra Modi’s national mission for financial inclusion.
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- Uncategorized
- Region
- South Asia