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A Look Into India’s First Digital Village
“We saw the situation in the rest of India, long lines, fights—everyone’s life had come to a stand still. We were amazed,” says Urmila Ben, a resident of Akodara. “People had made such a big deal out of this whole demonetization, but we could not be bothered any less,” says Chintan Patel, the sarpanch, or head of the village. “For us, life went on as usual.”
- Categories
- Finance
- Region
- South Asia
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Vodacom Drives Financial Inclusion with Affordable Smartphone Offers
“Many people in the country cannot afford high-tech smartphones or don’t want to commit to a contract,” says Vodacom Financial Services Chief Officer, Mariam Cassim.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Is Mobile Money Too Expensive in Rwanda?
Despite the growth of mobile money penetration and transactions over the years, much of the money is cashed out or used for airtime purchases.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Uber Announces Deeper Push Into Financial Services With Uber Money
The emphasis, at first, will be expanding Uber’s efforts to give its 4 million-plus drivers and couriers around the world access to a mobile bank account so they can get paid after each ride. Under pressure to turn a profit amid competition from new ride-sharing entrants around the world, Uber is betting that by building out its financial ecosystem, it can keep drivers and riders loyal to its platform.
- Categories
- Finance
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Barclays Launches Impact Banking Unit as Investors Demand More Than Market-Beating Returns
Banks from UBS to Citigroup have been boosting their so-called impact funds, in response to customer demand for investments that seek profit and social good.
- Categories
- Investing
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How to Understand Why Zimbabwe Is Bringing Back the Zim Dollar and the Limits of Mobile Money
Zimbabwe is trying to bring back its “Zimdollar” currency and not for the first time. Ten years since the troubled national currency was essentially destroyed by years of hyperinflation, central bank officials and a few strategic government insiders have been hinting or openly discussing the need for its return.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Digital Financial Services to Generate $38 Billion in Southeast Asia, Study Finds
The region has seen a rapid adoption of digital finance since Southeast Asian ride-hailing giants Grab Holdings Inc. and Gojek funneled some of the billions they raised into in-app payments and financial services.
- Categories
- Finance
- Region
- Asia Pacific
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Bank of America Is Reportedly Piloting Ripple’s Distributed Ledger Technology
When questioned about this recently, a Ripple representative stated that the bank would not confirm or deny whether it was a client, however, it said the companies had participated in a pilot together.
- Categories
- Finance
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