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Mobile Wallets in India to Start Offering Small Amounts on Short-Term Credit
Your mobile wallet, which has been serving your need for instant cash in an electronic form for sundry transactions, will also empower you further with companies in the business planning to add an instant loan facility to their offerings.
- Categories
- Technology
- Region
- South Asia
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From Remittance to Startups, How Bitcoin Is Used in Africa
With the high mobile phone penetration already in place, Africa is set to enable more users to download a Bitcoin wallet on their devices.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
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Half of Mobile Money Accounts Inactive in Bangladesh
More than half of mobile money accounts have gone inactive, with the number rising every month, according to data from Bangladesh Bank.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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E-wallet Companies Struggle in India, as Initial Euphoria Dies Down
After a flurry of activity with almost two dozen companies launching prepaid wallets in the last couple of years, the initial euphoria around wallets may be dying down. Many players — with the exception of dominant Paytm or -owned Freecharge — concede that the numbers of wallet users is stagnating and companies are struggling to get existing users to transact more using their digital money.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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Tanzania’s State-Run Telco Ventures Into Mobile Money
The State-run Tanzania Telecommunications Company Limited (TTCL) is now venturing into mobile money transfer services as it seeks to enter the competitive market that already has four players.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Why Cash Will Remain King, Even in the Promised Land of Digital Money
If you talk to tech companies, telecom companies, and even some NGOs, they will tell you that the future of money in Africa is based on technology.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Remitly Raises $38.5M to Expand Mobile Money Transfers Globally
Remitly, a Seattle startup that helps immigrants send money home, has raised a $38.5 million funding round and announced it will expand to Canada.
- Categories
- Investing, Technology
- Tags
- fintech, remittances
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New Study Reveals Massive Scope for Mobile Growth in Kenyan Retail Market
A new Nielsen Study on Kenyan Retailers and Technology reveals that despite the massive uptake in mobile usage in Kenya, there is still significant scope for growth in the market, particularly in the retail environment.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech