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Commercial Bank of Africa Weighs Options to Reduce M-Shwari Fees
Commercial Bank of Africa says it is likely to revise down the 7.5 per cent facilitation fees for its mobile phone-based monthly loans via the M-Shwari platform by end of the year.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Cash Shortages Cripple Mobile Money in Zimbabwe
The prevailing cash shortages have suffocated mobile money subscribers, who are failing to get their money or do cash-out transactions.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Indian Banks Looking to Raise Their Game Using Technology
In July, the Reserve Bank of India (RBI) set up an inter-regulatory working group to study issues relating to financial technology (fintech) and digital banking in the country. The aim is to understand major fintech innovations and developments and how the markets—the financial sector in particular—are adopting new delivery channels, products and technologies.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech
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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.
- Categories
- 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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