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Vodafone M-Pesa Reaches 25 Million Customers Milestone
Vodafone M-Pesa now has more than 25 million active customers, marking another year of accelerated growth for the innovative mobile money transfer service, it was announced today.
- Categories
- Technology
- Tags
- fintech
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Consuelo Offers Blockchain-Powered Microinsurance to Migrant Workers
Bitcoin and blockchain technology have the ability to bring financial services to the unbankedthat otherwise would be unavailable to them. Mexican mobile payments platform Saldo.mxallows to pay for their loved ones’ utility bills across borders. Saldo recently debuted a microinsurance service, Consuelo, to allow users to easily use a fixed health and life insurancepolicy.
- Categories
- Technology
- Tags
- digital payments, fintech
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Grameen Foundation and ideas42 Launch Partnership to Expand Financial Inclusion in the Philippines
Grameen Foundation and ideas42 yesterday launched a new partnership to support financial inclusion in the Philippines using principles from behavioral science and innovations in digital financial services using mobile phones. The initiative, funded by JPMorgan Chase Foundation, aims to reach thousands of people identified in the low-income bracket throughout the country.
- Categories
- Uncategorized
- Region
- Asia Pacific
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PayPal Participates in $30m Round in Acorns Micro-Investing App
Acorns, the micro-investing app that allows users to invest their ‘spare change’ or ‘acorns’ in an automated manner, has today announced a $30 million round of financing. It was obtained from PayPal and with participation from the Rakuten Tech Fund and existing investors e.ventures and Greycroft Partners to help the company expand its partnerships and automated investment features, according to a company press release.
- Categories
- Investing, Technology
- Tags
- fintech
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Tanzania Deploys the First Mobile Money Monitoring Solution for Regulatory Authorities in the World
As Mobile Money services continue to grow in popularity in the United Republic of Tanzania, the Tanzania Communications Regulatory Authority (TCRA) has had the foresight to implement a technological platform to enable the monitoring of mobile money services in the country. The Mobile Money Monitoring (M3) platform provided through the joint efforts of SGS-Société Générale de Surveillance (SGS) and Global Voice Group (GVG) and inaugurated in 2015 by the Hon Prof Makame M. Mbarawa, Minister of Communications, Science and Technology, is making this possible. Tanzania is now the first country—in the East African region, and also in the entire world—to implement a Mobile Money monitoring solution.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, regulations
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Guadalajara Startup Kueski Scores Largest Fintech Investment in Mexico History With $35 Million
Guadalajara microloan startup Kueski announced a massive funding series over the weekend, bringing in $35 million with the potential to increase that to $100 million. The Series A round was led by Richmond Global Ventures, Rise Capital, the CrunchFund and Variv Capital. It also included Victory Park Capital, Angel Ventures Mexico, Core Ventures Group and Auria Capital.
- Categories
- Investing
- Region
- Latin America
- Tags
- fintech, lending, microfinance
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Ethiopia Banks on Mobile Money for Financial Growth
Outside a small store on a dirt track in the remote Ethiopian town of Doni, long queues wait for government cash handouts by the most modern of methods: mobile phone.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Paytm Launches Wi-Fi Pilot in India; Enables Free Internet for a Limited Duration
Underlining its digital-first approach, Paytm, India’s largest mobile payments and commerce platform, has announced the launch of its ambitious pilot project to enable seamless internet connectivity for users. Under this initiative, Paytm is enabling limited-duration free Wi-Fi for its users in partnership with a licensed ISP. The first such Wi-Fi initiative is already underway near the Noida-18 metro station in partnership with a licensed ISP.
- Categories
- Technology
- Region
- South Asia
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