-
One of the world’s biggest mobile money services wants to become a social network
Kenya mobile network operator Safaricom is launching a platform that will allow its customers to send and receive money while they chat. The move is set to reinforce the dominance of the world’s mobile money transfer service M-Pesa, advance its ambition to become an innovative global business, while also facilitating a further connection between tens of millions of subscribers.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
bKash, Ant Financial to promote financial inclusion in Bangladesh
The partnership involves Ant Financial investing into bKash and increasing its technological capabilities, allowing it to provide greater convenience and security in mobile financial services throughout Bangladesh.
- Categories
- Finance
- Region
- South Asia
-
MTN brings mobile money ‘ATMs’ to Ghana
When this new module is introduced, customers will not necessarily have to visit mobile money vendors to transact business.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Press release: IFC and Mastercard Expand Partnership to Drive Greater Financial Inclusion in Emerging Markets
Electronic payments help underserved people and small businesses more fully participate in the formal economy. Yet, financial institutions in emerging markets often have difficulty covering their transaction settlement obligations, making it harder to rapidly scale financial services where they are needed most.
- Categories
- Finance
-
PayPal Reaffirms Its Commitment To Financial Inclusion
“We firmly believe as a company that everyone should have access to affordable, convenient, secure and low-cost financial services,” Schulman said, noting this vision does not — as some have speculated in the past — speak to an overwhelming desire on PayPal’s part to become a bank or to try to replace bank-based services.
- Categories
- Finance
-
Fintech Cos in India Are Turning Their Focus to Tier II and III Cities
Fintech companies are now ready to turn their attention to the Tier II and III cities, so as to penetrate deeper into the country. Being untapped markets, these cities bring a greater opportunity for the players.
- Categories
- Finance
- Region
- South Asia
-
Fintech deals see record numbers in Q1 2018 – with emerging markets leading the way
Fintech funding in Asia saw the biggest gain of any continent, advancing 188% from $701 million in Q4 to $2.2 billion in Q1.
- Categories
- Finance
- Tags
- fintech, venture capital
-
The uneasy relationship between online betting and mobile money transactions
The combined size of the gambling industry in Kenya, Nigeria, and South Africa is projected to be worth USD$37 billion in 2018. In Kenya alone, a 2017 study found that an estimated 2 million individuals engage in mobile-based sports betting.
- Region
- Sub-Saharan Africa