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Uganda’s parliament approves social media and mobile money taxes
The new taxes that take effect in the next financial year will see Ugandans pay a 1% tax on all mobile money transactions while they will also be charged 200 shillings ($0.027) for every day they access social networking sites like Facebook, Twitter and WhatsApp.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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WhatsApp Hastens Payments Push for 200 Million Indians
“WhatsApp has a great starting point: a monopoly in chat,” said Vivek Belgavi, leader for financial technology at PwC India. “High engagement makes it a credible competition.”
- Categories
- Finance
- Region
- South Asia
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China’s Ant Financial raises $10 billion at $150 billion valuation
Ant’s first fundraising targeting global money values the firm at $150 billion, the people said, compared with about $60 billion after its previous fundraising in April 2016.
- Categories
- Finance
- Region
- Asia Pacific
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Kenyan regulator could force Safaricom to share agents’ network
Safaricom, which is 35 percent owned by South Africa’s Vodacom, controls 72 percent of Kenya’s mobile market, with close to 30 million subscribers.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Kenya moves to regulate fintech-fuelled lending craze
“We have a lot of predatory lending out here, which we want to regulate,” Geoffrey Mwau, director general of budget, fiscal and economic affairs at the treasury, told reporters on Thursday.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Retail giant launches mobile money in South Africa
Shoprite is one of the largest retail chains in South Africa and on the African continent.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Why China’s Payment Apps Give U.S. Bankers Nightmares
The future of consumer payments may not be designed in New York or London but in China. There, money flows mainly through a pair of digital ecosystems that blend social media, commerce and banking—all run by two of the world’s most valuable companies.
- Categories
- Finance
- Region
- Asia Pacific
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Why Focus Groups Aren’t Enough: A Surprising Lesson in Marketing Insurance in Africa
Building a customer-centric company naturally requires engagement with end users. But as digital insurance provider Inclusivity Solutions discovered, sometimes just speaking to customers is not enough. Tyler Tappendorf discusses how the company combined customer feedback with more quantitative data, after focus group input conflicted with real-world results in marketing campaigns in East Africa.
- Categories
- Finance
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