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Adoptions rise, but mobile wallets still less than 1% of all digital transactions in India
“Despite now accounting for 10% of the overall transaction volume in India, mobile wallets form less than 1% of the transaction value,” a report by Deloitte said which was unveiled at the Retailers Association of India CFO conference on August 23.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Viewpoint: Why I believe the US State Department is wrong about mobile money in Africa
The US Department of State recently released a report that identified mobile money services as particularly susceptible to money laundering in Africa. It cites services like M-PESA and M-Shwari as “services [that] remain vulnerable to money laundering activities”.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Funny money in Myanmar’s fintech sector
A prominent mobile money company appears to be flaunting regulations aimed at providing consumer protections in the burgeoning sector.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- fintech, mobile finance
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How this Senegalese fintech startup is going pan-African
Fintech startup InTouch is a Senegalese company taking an unusual step by establishing a footprint across the continent.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Control vs Ease of Use: Low-Income Customers Weigh In on Financial Services
Automated 21st century financial tools, such as bill pay, are meant to make life easier. But for low-income customers and those with uneven cash flow, the need for control of their money can outweigh these benefits. Kristen Berman and Brad Swain of Duke University's Common Cents Lab try to reconcile this seeming contradiction.
- Categories
- Finance, Technology
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Amazon bets big on mobile payment wallet in India
The US e-commerce giant has secured payment wallet license from Reserve Bank of India, struck partnerships with various players for its Amazon Pay.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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The Future of Microfinance is Mobile: FinTech Resolves Three Key Obstacles of Lending to the Unbanked
The microfinance industry has arrived at a new inflection point, according to Frederic Nze, CEO and founder of U.K.-based digital microlender Oakam. Those businesses that are slow to embrace the transformative power of smartphone technology will feel the full force of disruption over the next decade while access to fair, affordable retail financial services will flourish for consumers and small enterprises the world over.
- Categories
- Finance, Technology
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Fintech firm Payworld focuses on insurance, loans for growth
Payworld, a nine-year old fintech firm, provides digital transaction services like mobile recharge, e-payment, railway reservation and remittances facilities.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech, insurance, lending
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