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Visa Is Planning a Mobile Payments Push Into Nigeria
Though no launch date has been announced, Visa is in “advanced discussions” with major Nigerian banks. mVisa, which launched in India last August, is primarily an in-store payment method, allowing users to pay for goods or services by scanning a QR code on a smartphone or entering a merchant identifier into their feature phones.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance
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World Economic Forum Examines How Blockchain Can Reshape Financial Services
On August 11, 2016, the World Economic Forum (WEF) released a 300-page report entitled The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services , exploring how the financial sector "could overcome current-state pain points through distributed ledger technology (DLT)."
- Categories
- Technology
- Tags
- blockchain, fintech
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Life as an Entrepreneur in a Violent Mexico
Alejandro Avila, the 30-year-old Mexican cofounder of Espiral, a mobile wallet service that he describes as “Square meets Stripe,” is on the edge of something big. Mexicans carry more than 100 million mobile phones and only 15 percent use credit cards, making financial tech a lucrative nascent market.
- Categories
- Technology
- Region
- Latin America
- Tags
- fintech
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Accion Looks to Double India Investment in Fintech Cos to $50 Million
Accion, the global nonprofit focusing on the financial inclusion space, is looking to double its exposure to India in the coming years from the current $25 million (Rs 167 crore).
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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Fintech isn’t disrupting Africa’s financial industry—it’s building it
African fintech is not disrupting the existing financial service providers. This is because, in many areas of the continent, there is nothing to disrupt, with large swathes of the low and lower middle income segments unserved or under-served when it comes to formal financial services.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Looking beyond the hype at fintech in Southeast Asia
From the offices of Venture Capital firms to the financial services districts, you may not be able to escape the promising whispers of fintech startups. Take a structural shift to mobile, an ever decreasing cost of computing power, the availability of lots of (big!) data, mix in one part artificial intelligence, one part distributed ledgers and we have the perfect recipe for how technology will change the face of banking and insurance forever.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, venture capital
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Why Zimbabwe Blocked MTN And Safaricom From Entering Local Market
The Zimbabwean government deliberately blocked the entry of South Africa’s MTN Group and Kenya’s Safaricom into the nation’s telecoms space in order to shield local operators from bigger international firms and promote their organic growth.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Report: Growth of FinTech in Africa Set to Challenge Financial Providers
The FinTech sector in Africa is poised for exponential and rapid growth that will challenge existing financial services providers, despite the fact that it is in the early stages of adoption relative to the rest of the world. According to recent Frost & Sullivan analysis, the FinTech industry in Africa may experience a similar disruption seen in Australia, a country with financial services development comparable to South Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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