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In Urban China, Cash Is Rapidly Becoming Obsolete
Almost everyone in major Chinese cities is using a smartphone to pay for just about everything. At restaurants, a waiter will ask if you want to use WeChat or Alipay — the two smartphone payment options — before bringing up cash as a third, remote possibility.
- Categories
- Uncategorized
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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New Report Details How Legacy Financial Institutions Are Deepening Financial Inclusion Through Fintech Partnerships
The report, "How Financial Institutions and Fintechs Are Partnering for Inclusion: Lessons from the Frontlines" is based on 24 in-depth interviews with firms and experts from around the world, and highlights 14 partnerships in as many countries.
- Categories
- Uncategorized
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Mobile money is only just starting to transform some of Africa’s markets
Mobile money adoption in Africa outpaced growth in the rest of the world, with over half of all services globally and more than 40% of adults in active use.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
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Visa chasing Indian payments market as mobile money gains traction
Kelly stated during the company’s Q3 fiscal earnings call that while India presented massive opportunity, the firm faced strong competition from companies offering more innovative solutions that Visa’s typical rivals.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Finca launches Pakistan’s first ever digital wallet
SimSim, a mobile payment platform, was introduced in partnership with Finja – an internationally funded FinTech startup – at a launch event Thursday night at Mohatta Palace, Karachi. The event was attended by major industry stakeholders, government officials, artists, tech enthusiasts and media figures.
- Categories
- Technology
- Region
- South Asia
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To Fix the Gender Gap, Fix the Digital Divide
Most job growth will come from STEM fields, yet women make up only 12 percent of engineering students. That’s why MIT’s new Solve initiative launched a Women and Technology Challenge asking for technology-fueled solutions that enable women and girls’ full participation in the economy. Selected solutions will receive support from cross-sector leaders interested in investing in innovative social impact projects – the Solve challenge deadline is Aug. 1.
- Categories
- Education, Finance, Impact Assessment, Technology
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Bitcoin – an opportunity for African trade?
Bitcoin continues to be the subject of much debate and controversy, but for many African companies the choice is simple. For them, the cryptocurrency is not at all related to anonymous black market business – it’s about enabling them to flourish. Sanne Wass speaks with Elizabeth Rossiello of BitPesa to find out more.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Visa’s payment service stirs competition in Kenya’s mobile money market
A global payments firm Visa has taken the competition for mobile money service a notch higher with the launch of mVisa that enables Kenyans use mobile phones to transact cash and make payments. The rollout of the service will enable Kenyans make free domestic mobile money transfers using mVisa.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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