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New CGAP Survey Finds Technology Alone Cannot Deliver Successful Interoperability in Digital Financial Services
No matter how well designed the technology, interoperability in digital financial services will not reach its full potential unless the right business structure and incentives are in place, CGAP found in its new report, Digital Finance Interoperability and Financial Inclusion: A 20-Country Scan.
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- Technology
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As India Goes Cashless, Both E-Money Stocks and Bitcoin Benefit
India's Prime Minister Narendra Modi announced on November 9, 2016, that 500 and 1000 rupee notes would be taken out of circulation in an effort to reduce corruption, terrorism, black money and counterfeiting, and will no longer be accepted as legal tender in India. His surprise announcement caused chaos in the country as citizens scrambled to adjust to a new monetary norm that banned about 85 percent of cash in circulation.
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- Technology
- Region
- Sub-Saharan Africa
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- fintech
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MobiKwik, Paytm Go Multilingual As e-Wallets Tap Users in India’s Hinterland
Majority of the mobile wallets companies are launching multilingual interfaces as focus shifts to make digital payments and commerce more inclusive and widespread by enabling users to transact in their native languages following demonetisation.
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- Technology
- Region
- South Asia
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GameMania Launched Kenya’s First Ever Money Casino Mobile App
Kenyans have been introduced to their very first casino mobile application on Android phones. Rambo Resource Ltd together with the Licensing Board in Kenya announced the launch of GameMania. The app allows mobile users to enjoy online slots machines on the go for free or with no deposit bonuses.
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- Technology
- Region
- Sub-Saharan Africa
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- fintech
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Fintech start-ups can lead the way to India’s financial inclusion
India is changing into an effervescent ecosystem offering fintech lending start-ups a platform to potentially grow into billion-dollar unicorns. Although relatively young at present, the sector is escalating rapidly, fueled by the large innovation-driven start-up landscape, and responsive government policies and regulations.
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- Technology
- Region
- South Asia
- Tags
- fintech
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Fintech or Die: Five Ways Microfinance Can (and Must) Respond to the Digital Age
MicroSave founder Graham Wright hasn't been shy in criticizing the ways lenders are currently leveraging fintech to serve low-income clients. But his views on its potential in microfinance are far more bullish than this criticism might suggest. "Very soon, if MFIs don't develop a strategy and implement fintech behind that strategy, I think they will simply become irrelevant and slowly but surely shrink and die," he said in this frank video Q&A.
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- Technology
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The rise of the cashless city: ‘There is this real danger of exclusion’
Cities from Sweden to India are pushing for a totally cash-free society. But as more shops and transport networks insist on electronic payments, where does this leave the smallest traders and poorest inhabitants?
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- Technology
- Tags
- fintech
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Maharashtra govt endorses Paytm in circular issued to promote digital payment
Last month, All India Congress Committee (AICC) general secretary and Maharashtra in-charge Mohan Prakash sought to know how mobile wallet Paytm could place full-page advertisements in national newspapers hours after Prime Minister Narendra Modi announced demonetisation on 8 November.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- fintech
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