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Why e-Tailers Are Rushing to Tap India’s Payments Goldmine
As Indian e-commerce majors ramp up their presence in the payments space, Digbijay Mishra and Samidha Sharma find out why online retailers are taking a leaf out of the China playbook and throwing their weight behind this new line of business.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Why Apple and Samsung Have Already Lost the Mobile Payments War in China
If you’re a smartphone company – even a big, successful one – looking to get into the Chinese market with your own mobile payments system, here’s a piece of advice: don’t.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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M-Pesa Shows Why Mobile Money Is Yet to Realize Its True Potential in Africa
Last November, “60 Minutes”, the flagship news magazine show on US television network CBS, ran a whole segment on M-Pesa, the mobile money service which was started in Kenya nine years ago by Safaricom, the country’s largest mobile phone company. It was a great moment for Kenyan innovation, being featured on prime time television for millions of Americans who were likely hearing about M-Pesa for the first time.
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- Technology
- Region
- Sub-Saharan Africa
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ICICI Bank Launches India’s First Contactless Mobile Payment Solution
ICICI Bank today unveiled a contactless mobile payment solution, which it claims to be first of its kind in India. As per ICICI, this payment solution enables its credit and debit customers make in-store contactless payments by just waving their smartphones near an NFC-enabled merchant terminal. This mobile payment solution has been launched today for the employees of the bank and will be available for its customers in the last week of March when the updated 'Pockets' application will be available on Google Play Store. An ICICI Bank credit and debit customer (VISA/Mastercard) with an NFC enabled smartphones of Android 4.4 OS & above will be able to use this solution.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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MTN Mobile Money Customers Could Soon Earn Interest
Speaking at the company’s annual media forum to interact with editors and stakeholders, Mr. Asante said discussions were already underway with partner banks to set the modalities on how much interest to be paid and the criteria for qualification to earn an interest.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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The Future of Mobile Wallets in India
Digital payment service providers are competing fiercely, offering attractive offers and unrealistic discounts. Is this the making of another bubble?
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- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Mobile, Agency Banking Driving Bulk of Transactions and Loans for Kenyan Banks
Kenyan banks are reaping big from innovative mobile products and strategic partnerships that are fueling acquisition of new customers and revenue streams even as technology renders some jobs redundant.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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70% of Nigerians Have Not Heard of Mobile Money
Although the advent of mobile money in Nigeria is more than two years and over 21 operators in the sector have been licensed by the Central Bank of Nigeria, more than 70 per cent of Nigerians say they have not heard of mobile money.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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