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Report: Mobile cash transactions averaged Sh15 million per minute in Kenya in 2018
The most recent data by the Communications Authority shows mobile money transactions for the October-December period rose by Sh337 billion to Sh2.1 trillion as mobile wallets become the more preferred mode of payment.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Report: New mobile money propositions have the potential to reduce the world’s unbanked population by more than a third
“Simply providing access to financial services is not enough. To achieve any real impact, people also need to become active users of financial products.”
- Categories
- Finance, Technology
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How Can Fintech Serve the Poor? A Q&A with CGAP CEO Greta Bull
As fintech innovation transforms the financial sphere, what are the implications for low-income and unbanked individuals? Greta Bull, CEO of CGAP, explored this question in a widely read essay earlier this year, and NextBillion followed up to get a deeper sense of her views on fintech's potential (and practical) impact. Her thoughts offer an important barometer of an organization and an industry in transition, as the tech revolution continues to reshape financial inclusion.
- Categories
- Finance
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M-Pesa Bank? Members of Parliament seek Central Bank regulation
If MPs have their way, the telecommunications regulator, the Communications Authority of Kenya (CA), will be compelled to ensure that mobile money services like Safaricom’s M-Pesa, Airtel Money and Telkom’s T-Kash are licensed as banks.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Zambia looks to link up mobile money operators
The NFS is being established under the National Payment System with the aim of linking with other payment systems (individual operators' payment systems) without undue restrictions.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Race is on for Southeast Asia ‘super app’ amid internet economy growth expectations
Southeast Asia’s internet economy is set to grow but experts say that providers must focus on building trust by showing that mobile technology can help the marginalized.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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This Mobile App Backed by Jack Ma Is Mimicking Ant Financial
Mynt, the Philippine mobile payments operator backed by billionaire Jack Ma’s Ant Financial, plans to roll out insurance products en route to becoming a sprawling financial services platform in its Chinese ally’s image.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital finance, fintech
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In conversation with Bob Collymore, CEO of Safaricom
If WhatsApp gets into payments and comes to Kenya, what will Safaricom do? “We don’t get complacent about these things,” says Collymore. “For sure, we believe we need to evolve, and quickly. The thing that we have today was designed 11 years ago.”
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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