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Drinking Water ATM Takes Mobile Payments in Kenya
Global pump company Grundfos and telecommunications firm Ericsson have joined forces to deliver a ATM water dispenser that takes mobile payments.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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The Growing Influence of Telecom Companies in Off-Grid Markets
The growing use of mobile money solutions for electricity tariff payment is redefining the solar off-grid market in regions such as Africa. Here, mobile money services have seen a tremendous growth over the last decade.
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- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Vodafone India’s M-Pesa Rolls Out Pension Payment Scheme
Vodafone India is pioneering a mobile money scheme allowing the state to pay social security pensions directly to an M-Pesa account across remote villages in the north of the country.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Digital Payments Could Boost Tax Revenue by Nearly $500 Million Each Year and Drive Economic Modernization in Tanzania
Many emerging economies are grappling with how to modernize their economies, improve transparency, drive sustainable growth and advance financial inclusion. This study on Tanzania’s digital payment initiatives reveals the very strong results achieved by the government so far.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Caricoin and Bank of Jamaica to Launch First Licensed Bitcoin Exchange in Jamaica
Bitcoin wallet Caricoin Ltd. that launched its first mobile money wallet to Caribbean users in June, has announced that it is in talks with Bank of Jamaica (BOJ) in order to set up first licensed bitcoin exchange in Jamaica.
- Categories
- Technology
- Region
- North America
- Tags
- fintech
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Virtual Network Operators in India Band Together in Attempt to Develop $4 Billion Industry
Virtual Network Operators Association of India (VNOAI) has been incorporated with the objective of promoting activities geared towards the development of Virtual Network Operators industry, US$ 4 billion business opportunity in India.
- Categories
- Technology
- Region
- South Asia
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Tanzania Becomes 1st Globally Achieving Full Mobile Money Interoperability
The interoperability means mobile phone subscribers transfer money across multiple networks thus enabling the country becoming first in the area. Bank of Tanzania Governor Prof Benno Ndulu said today that mobile phone active account represents 21.9million out of 62.8million accounts registered by five major tele-financial service providers.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Visa Begins Mobile-Money Service to Rival Safaricom’s M-Pesa
Visa Inc., the world’s largest payments network, introduced a mobile-phone application to enable cashless transactions in Kenya, where the majority of wireless payments are being done through the nation’s biggest telecommunications company, Safaricom Ltd.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech