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Why mPesa will not be an instant hit in Nigeria
Having since expanded to 10 additional countries within and outside (Albania, Romania, Afghanistan and India) the African continent, mPesa has grown to a platform with over 29.5 million active customers and 287,400 agents. In 2016 alone, it processed about 6 billion transactions, at a peak rate of 529 transactions per second.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Payment Startups Lead Way In Africa’s Booming FinTech Scene
The report finds there has been a boom in the fintech space over the last two years, with more than half of the fintech startups currently operating launching after January 2015.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
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Android Pay now used for international P2P transfers, courtesy of WorldRemit
This is a first for Android Pay, which up to now has been used for in-app and contactless payments and to make P2P transfers to people in the same country, but never international P2P money transfers.
- Categories
- Technology
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Inclusive Fintech: Four Lessons for Optimizing Customer and Tech Journeys
Catalyst Fund – a unique accelerator model that provides direct and tailored technical assistance to complement a startup’s skill sets – spent the past year working directly with early-stage fintech businesses in emerging markets. Here are some of the lessons they gathered, both on the tech side and the customer side. A key takeaway: Trust is slowly built but easily destroyed.
- Categories
- Finance, Technology
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Financial Inclusion Takes the Next Step: An Interview with MetLife Foundation President Dennis White
As NextBillion launches our new Financial Health site under the sponsorship of MetLife Foundation, we touched base with its president and CEO, Dennis White. In this wide-ranging interview, White discusses the evolution of the financial inclusion movement, and the work the foundation is doing to advance it – including its grant-making and investing approach, its ongoing challenges, and what it has learned from both success and failure, among other issues.
- Categories
- Finance
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Thailand’s Largest Bank Launches $30 Million FinTech Fund ‘Beacon’
As Thailand’s largest bank by revenue, Kasikorn’s foray to back and invest in FinTech startups underlines the growing appetite for digital banking in the country. Between April and September 2016, the Bank of Thailand – the country’s central bank – revealed a marked 26% uptick in commercial mobile and internet banking transactions.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- fintech
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New investment initiative for African startups
Orange Digital Ventures Africa is the Group’s investment vehicle for early-stage innovation projects in Africa in areas such as new connectivities, FinTech, the Internet of Things, energy and e-health.
- Categories
- Investing, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, innovation
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Safaricom Plans Mobile-Money Roll-Out After Vodafone Stake Sale
“Before the end of the year, I would expect to have something to roll out,” Collymore said June 8. Safaricom may seek to agree to platform-sharing deals with competitors such as MTN Group Ltd. to expand M-Pesa rather than set up in new countries, he said.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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