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ICICI Bank Launches India’s First Contactless Mobile Payment Solution
ICICI Bank today unveiled a contactless mobile payment solution, which it claims to be first of its kind in India. As per ICICI, this payment solution enables its credit and debit customers make in-store contactless payments by just waving their smartphones near an NFC-enabled merchant terminal. This mobile payment solution has been launched today for the employees of the bank and will be available for its customers in the last week of March when the updated 'Pockets' application will be available on Google Play Store. An ICICI Bank credit and debit customer (VISA/Mastercard) with an NFC enabled smartphones of Android 4.4 OS & above will be able to use this solution.
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- Technology
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- South Asia
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- fintech
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MTN Mobile Money Customers Could Soon Earn Interest
Speaking at the company’s annual media forum to interact with editors and stakeholders, Mr. Asante said discussions were already underway with partner banks to set the modalities on how much interest to be paid and the criteria for qualification to earn an interest.
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- Technology
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- Sub-Saharan Africa
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- fintech
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The Future of Mobile Wallets in India
Digital payment service providers are competing fiercely, offering attractive offers and unrealistic discounts. Is this the making of another bubble?
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- Technology
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- Sub-Saharan Africa
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- digital payments, fintech
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Mobile, Agency Banking Driving Bulk of Transactions and Loans for Kenyan Banks
Kenyan banks are reaping big from innovative mobile products and strategic partnerships that are fueling acquisition of new customers and revenue streams even as technology renders some jobs redundant.
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- Technology
- Region
- Sub-Saharan Africa
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- fintech
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70% of Nigerians Have Not Heard of Mobile Money
Although the advent of mobile money in Nigeria is more than two years and over 21 operators in the sector have been licensed by the Central Bank of Nigeria, more than 70 per cent of Nigerians say they have not heard of mobile money.
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- Technology
- Region
- Sub-Saharan Africa
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- fintech
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Survey: Over 89 Percent of Rwandans Have Access to Finance
Rwanda has surpassed its financial inclusion targets with more than 89 per cent of adult population accessing financial services, a new FinScope survey 2016 shows.
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- Uncategorized
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- Sub-Saharan Africa
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Ericsson Report: Mobile Phones Provide Fast Track to Financial Inclusion in Sub-Saharan Africa
Even as mobile money services become part of daily life for millions in Sub-Saharan Africa, many potential customers face basic barriers to accessing the services on their own mobile phones. Lack of awareness and basic prerequisites, and low appreciation of the benefits are some of the hurdles.
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- Uncategorized
- Region
- Sub-Saharan Africa
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China’s Mobile Payment Revolution Is Going to Africa
With the launch of Apple Pay in mainland China on Feb. 18, Apple has become the first foreign player to secure a place at the table for China's enormous mobile payment market. The company will be battling for market share with e-commerce giant Alibaba's Alipay and Tencent's WeChat Wallet, which dominate China's mobile payment arena.
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- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech