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Report: This Is What Would Happen to Kenya’s Economy if M-Pesa Was to Collapse
A Treasury report warns that an M-Pesa outage would cause loss of revenue and reduce confidence in the mobile money transfer services. FILE PHOTOA Treasury report warns that an M-Pesa outage would cause loss of revenue and reduce confidence in the mobile money transfer services.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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M-Wallets Surge in Small Towns in Nation-Wide Cash-Crunch in India
As India outlawed its two biggest banknotes, mobile wallets are witnessing a spurt in enquiries and usage in small towns, as unavailability of currency hit wide across the country.
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- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Modi’s ‘Masterstroke’ Cash Ban to Boost India Digital Push
Cash may no longer be king in India. The nation’s nascent digital economy stands to be the biggest beneficiary of its strongest crackdown on corruption since 1978.
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- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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5 Ways To Bring Everyone Into The Mainstream Financial System
If everyone had a bank account, the global economy could expand by $3.7 trillion by 2025, a recent report showed. New digital tools, like mobile money accounts and peer-to-peer lending, can bring millions of people into the formal financial system, opening up their ability to save, borrow, and live better lives.
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- Impact Assessment
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More Bitcoin exchange platforms now focus on Africa
The level of awareness regarding Bitcoin in Africa seems to be on the increase, a several new platforms have emerged.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance
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Safaricom Monitoring Use of Free M-Pesa Transactions Offer
Safaricom has revealed that it is watching the use of its new M-Pesa Kadogo offer of free transactions for amounts of less than 100 Ksh in order to determine whether a limit should be imposed on the number of transactions per user. The mobile operator introduced M-Pesa Kadogo during the release of its unaudited half year 2017 results (for the period ended September 30 2016).
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- Technology
- Region
- Sub-Saharan Africa
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Collymore bets on opening up M-Pesa to ring up Safaricom’s future billions
When it released its half year financials last week, Safaricom once again did not disappoint. It reported another profitability record, a 32.36 per cent jump in net earnings of Sh23.9 billion in the six months to September 30. It earned a massive Sh102 billion in total revenue for the half year, compared to Sh97.2 billion in the same period last year.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- data, financial inclusion, fintech
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Where Aggregators – and Open APIs – Fit Into Financial Inclusion
The introduction of a truly Open API is an exciting prospect for individuals and institutions interested in financial inclusion – digital financial providers, economists, technologists and developers alike. Building a successful business model, however, requires that the Open API is technically sound and that the financial inclusion community is included and encouraged to collaborate on innovative solutions.
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- Finance, Technology