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Exclusive: Kenya’s Safaricom taking M-Pesa to Ethiopia, sources say
M-Pesa could transform Ethiopia’s economy, as it has done in Kenya, by allowing people to sidestep a decrepit and inefficient banking system and send each other money and make payments at the touch of a button.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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India’s Banking Revolution Has Left Its Villagers Behind
Because Modi’s government effectively forced poor citizens into the banking system by linking some welfare benefits to bank accounts, villagers have ended up stuck in long queues and struggling with ATMs that often run out of cash or break down.
- Region
- South Asia
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Two Kenyan banks lose $0.86 million to hackers in a month
Kenyan banks are believed to have lost at least $860,000 to hackers in the past one month, which has seen two lenders temporarily terminate their mobile and online banking services.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance
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Uganda drops some mobile money taxes
Uganda's Cabinet, despite having been previously divided on the charges, on Monday agreed to remove some of the fees and revised the 1 per cent tax on withdrawals to 0.5 per cent.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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MyBucks Piloting Fintech in New Markets with Novel AI Credit Scoring
While MyBucks is currently listed on the Frankfurt Exchange, operating across Africa and Asia Pacific while at the same time actively promoting its portfolio at forums such as the European Microfinance Awards (2017 Financial Inclusion Award Winner) and at the American Banker Digital Banking Summit, it’s clear that their growth so too reflects the industry.
- Categories
- Finance
- Region
- Europe & Eurasia
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Who is delaying mobile money operations across networks in Rwanda?
At the moment, MTN Mobile Money and Airtel Money users cannot send or receive money across networks, a situation that has caused inconveniences for many people.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Fintechs in India cater mostly to the affluent, huge potential in lower middle class: J P Morgan
Fintechs have an opportunity to cater to the lower middle income or LMI segment with an income ranging from $2 to $10 a day and are about 600 million in number.
- Categories
- Finance
- Region
- South Asia
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Uganda President Museveni orders refund of mobile money ‘error’ tax
In a statement issued on Facebook, Museveni insists that the 1 per cent tax which he ordered to be reduced to 0.5 percent last week was passed in error and he signed the bill knowing it had an error.
- Region
- Sub-Saharan Africa
- Tags
- fintech, regulations
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