-
Will India Go Cashless If Mobile Payments Take Off?
As soon as Binod Upadhyay arrives at a destination he immediately turns round to check if the customer is pulling out a wallet or a mobile phone.
- Categories
- Technology
- Region
- South Asia
-
Five Minutes With Entrepreneur Christine Souffrant, Founder And CEO, Vendedy
“Instead of creating another charity company or e-commerce websitewith static images of products that are only bought during [the] holidays,” Christine Souffrant was keen on thinking differently when creating her social enterprise, Vendedy. The founder and CEO says that the core motivation behind her startup, which connects street sellers with consumers, was to try and meet the challenge of creating a stable consumer base for those forced to turn to touristic, traffic-heavy streets to sell their wares in cities around the world that are rife with economic challenges.
- Categories
- Uncategorized
- Tags
- fintech, social enterprise
-
IBM Signs $38 Million Deal for ATM Infrastructure Management in India
IBM has signed a Rs 260 crore deal with BTI Payments for ATM infrastructure management, as it focuses on deepening its hold on the financial services sector in India.
- Categories
- Technology
- Region
- South Asia
-
National Bank & Airtel Kenya Ink Major Pact to Expand Reach
National Bank of Kenya and Airtel Kenya have announced the opening of their distribution networks to offer each other’s services in a major partnership agreement geared at expanding reach of services.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
Viewpoint: 2016: The Year When Financial Inclusion Turns Big Business
It’s that time of year again. As a new year rolls on in, once again pundits are predicting the upcoming peaks and pitfalls for the FinTech industry in the year ahead.
- Categories
- Uncategorized
-
Mobile Payments Ecosystem Comes of Age in India
Although being young with only a dozen mobile wallet players in the field, India's mobile payment ecosystem has witnessed steady growth and a rapid adoption of path-breaking innovations as people started realising the benefits of technology in online payments space in 2015 -- the most popular being the "mobile wallet".
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
-
Kenya’s Mobile Penetration Hits 88 Percent
According to the quarterly sector statistics report by the Communications Authority of Kenya (CA), the uptake of mobile services by Kenyans continued to grow leading to mobile penetration growing to 88.1per cent with 37.8million subscribers up from 36.1 million in the previous quarter.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
Will 2016 Be the Year of FinTech in India?
Has Financial Technology or FinTech finally come of age in India? While, FinTech accounted only for 13.3% of the total funding raised by Indian startups in 2015, the gross investment into it was up 8 times over the equivalent 2014 number of $145.1 million. While that looks amazing at first glance, it has to be noted that m-commerce platform One97 (Paytm) accounted for about 74% of the money raised by FinTech companies this year. Nonetheless, even if one were to exclude this number, Indian FinTech investment has doubled over the 2014 number. India’s FinTech sector has been a far cry from its global peers, accounting only for 6% of the total global FinTech space (by funding), but clearly as the numbers above show, that is changing fairly rapidly.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech