-
Zimbabwe introduces electronic Point of Sale terminals at all public institutions – but leaves out mobile money
This is expected to ease the challenges being faced with the current cash crisis that has gripped the country. It also follows the Reserve Bank of Zimbabwe’s announcement on the reduction of bank charges that have lowered the cost of POS transactions to between 10 cents and 45 cents per transaction.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
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.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
Cracking the payments bank puzzle in India
Success of payments banks will require understanding the financial lives of the base-of-pyramid customers and finding innovative ways to serve them.
- Categories
- Uncategorized
- Region
- South Asia
-
White House Report: Financial Inclusion on the Rise
Financial inclusion has been on the rise across all demographics and geographies over the last two decades, according to a report published by the White House Council of Economic Advisors today.
- Categories
- Uncategorized
- Region
- North America
-
IFC, CGAP, SECO launch initiative to expand financial inclusion in Ghana
IFC, a member of the World Bank Group, together with the State Secretariat of Economic Affairs of Switzerland, SECO, and the Consultative Group to Assist the Poor, CGAP, on June 8 launched the Ghana Digital Financial Services Initiative to advance financial inclusion in Ghana through the use of new technology and innovative business models.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
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.
- Categories
- Technology
- Region
- South Asia
-
Mobile wallet Mobikwik’s cash-back scheme runs afoul of Indian regulators
Mobile wallets company Mobikwik has withdrawn a scheme where it offered a “6% annual profit” to customers who maintain a monthly balance of at least Rs.5,000 in their mobile wallets.
- Categories
- Technology
- Region
- South Asia
-
International Finance Corp bets big on India’s microfinance sector
The World Bank affiliate IFC is set to invest Rs 300 crore in TPG Capital and Citigroup backed-Janalakshmi Financial Services and another Rs 135 crore in CreditAccess Asia promoted Grameen Koota Financial Services.
- Categories
- Uncategorized
- Region
- South Asia
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.