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Bank of Jamaica issues first mobile wallet licence
THE Bank of Jamaica (BOJ) on Tuesday granted a licence to the Jamaica Co-operative Credit Union League (JCCUL) for Conec — the mobile wallet payment service that will allow delivery on a full commercial basis. The JCCUL received the BOJ’s authorisation under the Guidelines for the Electronic Retail Payment Service to offer custodian account-based payment services to the public.
- Categories
- Technology
- Region
- Latin America
- Tags
- fintech
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Mobile money giant M-Pesa is getting debit card to compete with banks
Safaricom, parent of the M-Pesa mobile money platform, is eying a piece of the $13.5 billion in annual transactions in Kenya’s payment cards industry with a new debit card. In its pilot stage, the new card, which is largely expected to challenge commercial banks for card commissions, is linked to its Lipa na M-Pesa (pay with M-Pesa) service, which enables traders and individuals to settle bills at different points of sale across the country.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Samsung Pay launches in Brazil
Samsung Electronics will roll out Samsung Pay in Brazil tomorrow (19 July), the first market in South America to introduce its mobile payment service.
- Categories
- Technology
- Region
- Latin America
- Tags
- fintech
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Singapore Government Joins IBM to Create Blockchain Innovation Center
Computing giant IBM has revealed that the Singapore Economic Development Board (EDB) and the Monetary Authority of Singapore (MAS) are collaborating with it to establish its first Center for Blockchain Innovation in the country. The Innovation Center is expected to involve both global banks and fintech startups and to develop a number of technology pilots for the finance and trade industries, built on the Linux Foundation Hyperledger platform.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- blockchain, fintech
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WeChat targets mobile wallet technology in South Africa
In November last year, WeChat South Africa launched its wallet tech which allows electronic cash transfers and the ability to transact via cards verified by Visa and MasterCard. This month, WeChat South Africa has partnered with Stuff Magazine to allow readers of the print title to buy featured Incredible Connection products by scanning a QR code via the app.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Fintech start-up NeoGrowth raises $35 million to help small retailers in India access credit
Fintech start-up NeoGrowth has raised $35 million (about Rs.225 crore) of equity from IIFL Asset Management and existing investors, including Accion Frontier Inclusion Fund, managed by Quona Capital.
- Categories
- Technology
- Region
- South Asia
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How Barclays Aims to Bring a Billion Unbanked into the Fold
Though its parent company, the $1.8 trillion-asset Barclays PLC, has had operations in Africa for more than 100 years, today Barclays Africa has only 12 million customers, about 1% of the continent's total population.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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FinTech Firm MyBucks Becomes Listed in Germany after Successful IPO
The latest financial technology firm to complete a successful initial public offering (IPO) is MyBucks S.A., which was welcomed by Deutsche Borse on the Frankfurt Stock Exchange today where it was listed on the Entry Standard market.
- Categories
- Technology
- Region
- Europe & Eurasia
- Tags
- fintech
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