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Ugandans are furious with a new tax for using social media and mobile money
Uganda’s government has kept its promise: Many Ugandans woke up today (July 1) to find that if they hadn’t paid the new tax on social-media use, services like WhatsApp, Twitter, Facebook and Skype were inaccessible.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Global alliance launches guidelines for fintech investors
The Guidelines for Investing in Responsible Digital Financial Services have been launched by an international network of over 50 fintech investors and innovators, aiming to promote fintech funding by providing a framework for evaluating investment opportunities and risks.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Ant Financial taps blockchain technology to offer cheaper international money transfers
Ant Financial Services has taken a step towards dramatically lowering the cost of sending money overseas, in a move that will help the hundreds of thousands of Filipinos working in Hong Kong.
- Categories
- Finance
- Region
- Asia Pacific
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South Africa’s Social Security Agency Considering Mobile Payment Technology
Paying grants using mobile money tech could reduce costs and mean beneficiaries don’t have to travel to receive payments
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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China’s Great Leap Forward in Global Mobile Payments
Paradoxically, it was the country's reluctance to adopt conventional banking that led to almost universal adoption of mobile payments.
- Categories
- Finance
- Region
- Asia Pacific
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Press release: SmartPesa announces ICO for new Blockchain solution that provides secure credit scoring data for SMEs
Accounting for 90% of companies, SMEs in emerging markets act as key drivers of economic development and generate nine out of 10 jobs. But 40% of these companies lack access to credit, creating an annual funding gap of $5.2 trillion. SmartPesa Credible is built using Blockchain technology to provide credible Know Your Customer (KYC) information, self-declared business data and cash flow statistics on a transparent, distributed and auditable platform.
- Categories
- Finance
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The world’s first mobile-only government bond in Kenya is popular, but missed its target
Given mobile money is so ubiquitous in Kenya with over 27 million users—many of whom were unbanked—M-Akiba promised the government access to a new capital base.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Global fintech investors team up to promote responsible digital finance
While the opportunities have increased, so too have the risks surrounding digital financial services for investors, investees, customers and wider digital ecosystems across markets and regions.
- Categories
- Finance