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Modi’s ‘Masterstroke’ Cash Ban to Boost India Digital Push
Cash may no longer be king in India. The nation’s nascent digital economy stands to be the biggest beneficiary of its strongest crackdown on corruption since 1978.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Safaricom Monitoring Use of Free M-Pesa Transactions Offer
Safaricom has revealed that it is watching the use of its new M-Pesa Kadogo offer of free transactions for amounts of less than 100 Ksh in order to determine whether a limit should be imposed on the number of transactions per user. The mobile operator introduced M-Pesa Kadogo during the release of its unaudited half year 2017 results (for the period ended September 30 2016).
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Where Aggregators – and Open APIs – Fit Into Financial Inclusion
The introduction of a truly Open API is an exciting prospect for individuals and institutions interested in financial inclusion – digital financial providers, economists, technologists and developers alike. Building a successful business model, however, requires that the Open API is technically sound and that the financial inclusion community is included and encouraged to collaborate on innovative solutions.
- Categories
- Finance, Technology
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Kenya Telcos, Vendors Now on the Spot for Hidden Costs
Many Kenyans have come to value the convenience of mobile money payments, but a consumer organisation has raised the red flag over the hidden costs.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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New Report: Small Merchants Offer Big Financial Inclusion Opportunities
Increasing micro and small merchants’ use of cashless payment systems will require broad participation and innovation from the financial sector, regulators, governments and the private sector. But the impact will be transformative for millions of small merchants, their customers and the broader economies in which they operate.
- Categories
- Uncategorized
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CGAP, Citi Foundation Launch Digital Financial Inclusion Policy Program in China, Indonesia, Philippines
CGAP (Consultative Group to Assist the Poor), a US-based, nonprofit research center that aims to facilitate the expansion of financial access, and the Citi Foundation, the charitable arm of US-based financial services firm Citigroup, recently launched the “East Asia Digital Financial Inclusion Program”. The program’s goal is to engage policymakers in China, Indonesia and the Philippines to bring best practices relating to digital financial services to and from other parts of the world.
- Categories
- Impact Assessment
- Tags
- digital payments
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Chemonics and BanQu Partner to Test Blockchain’s Potential to Eliminate Poverty and Improve Aid Effectiveness
On October 17, 2016, international development consulting firm Chemonics and technology company BanQu established the Blockchain for Development Solutions Lab. The lab represents the first concerted effort by a development company to build, test, and scale blockchain solutions to reduce poverty and increase aid effectiveness.
- Categories
- Technology
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Ecobank Launches Ecobank Mobile App to Transform Banking in Africa
Ecobank (Ecobank.com) has launched the Ecobank Mobile App, an instant and convenient way of banking via the mobile phone. It is the first unified app delivered by any institution for use in 33 countries. Group CEO, Ade Ayeyemi unveiled the new App at a large product launch in Lagos, which brought together a wide range of customers, including students, various professionals, traders and transporters. Ecobank board members, shareholders, staff and media were also present at the event.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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