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Africell to Spend $100M on Mobile Infrastructure, Fintech in Africa
Africell founder and chief executive Ziad Dalloul told Reuters the money would help fund infrastructure investments for its operations in Uganda, Democratic Republic of Congo, Gambia and Sierra Leone.
- Categories
- Finance, Investing, Telecommunications
- Region
- Sub-Saharan Africa
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New Mobile-To-Mobile Digital Payment Service Launched in Africa
WorldRemit’s mobile-first digital model is said to save customers time and money as they don’t need to visit a money transfer agent to send funds home to their loved ones.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Ethiopia Offers New Hope for Phone Providers With African Dreams
As part of an ambitious reform program, the government of Prime Minister Abiy Ahmed plans to award telecommunications licenses to two private operators next year, and sell a minority stake in Ethio Telecom.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Vodacom Poised to Widen M-Pesa Availability
“We think it’s time to level the playing field and so it doesn’t matter how big your GSM base is, customers should be able to access our service,” he added. “We very much see M-Pesa becoming like an OTT service.”
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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G7 Urges Tough Libra Regulation, Agrees to Tax Digital Giants
In a summary of the informal G7 talks in Chantilly, north of Paris, the French presidency said the ministers and governors had agreed that “stablecoins and other various new products currently being developed, including projects with global and potentially systemic footprint such as Libra, raise serious regulatory and systemic concerns”.
- Categories
- Finance
- Tags
- cryptocurrency, fintech, regulations
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PayPal Fires up “Ripple-Killer” Xoom App for International Payments
The mobile payments app offers next-day money transfers at fees lower than its main payments platform PayPal. According to the website, transfers on Xoom cost around $4 in Europe and $9 to countries further afield.
- Categories
- Finance
- Region
- Europe & Eurasia
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Singapore’s CredoLab to Power Digital Financial Inclusion in Sub-Saharan Africa
CredoLab’s alternative credit scoring solution comes at a critical juncture in the region’s focus on financial inclusion.
- Categories
- Finance
- Region
- Asia Pacific
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Why Payment Fraud is a Critical Threat to Financial Inclusion – And How Mojaloop is Making it Worse
The next key step in financial inclusion is payment interoperability, in which digital finance providers’ networks are connected to enable transactions between users of different systems. But though interoperability has major potential for the sector, it also comes with huge risks, says Clear Purchase founder Nick Brown, an expert in payment infrastructure. He explains why a massive payment fraud attack could do substantial and long-lasting damage to the financial inclusion movement, and how an open-source platform like the Gates Foundation's Mojaloop increases the risk.
- Categories
- Finance, Technology
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