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Bank of Ghana to Make Mobile Money Platforms Interoperable
The Bank of Ghana has initiated a project to implement a mobile money payment infrastructure that will enable the seamless transfer of funds from one network provider to another (interoperability).
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- cash transfers, fintech
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Nigeria’s Paga Is Succeeding Where Others Mobile Money Providers Failed
Paga, the biggest mobile money service provider in Nigeria, plans to increase its agents across the nation to 30,000 by 2018 as it seeks to become the county’s largest mobile financial access points across Africa’s most populous nation. The mobile money services provider, which was founded in 2012, currently has 10,104 agents in 35 states across Nigeria, with 3,000 in the commercial city of Lagos.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Mobile Payments Drop By 85% In 2016
Nigerians’ interest in mobile banking and payments have begun to wane as the volume and value of transactions consummated on the mobile platform has dwindled by more than 85 per cent in the first seven months of 2016.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- fintech
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It’s the Ecosystem, Stupid – Exploring the ‘Digital Poverty Stack,’ Part 1
Donor investments to leverage technology have largely failed to achieve their imagined potential, often producing sub-scale pilot projects which do not solve a real problem. Instead, donors should focus on building a “digital poverty stack,” a set of interoperable and reusable digital tools that can be built into a large number of applications.
- Categories
- Technology
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Fingerprint Technology Expanding In African Mobile Banking
London-based bank Standard Chartered plans this year to introduce biometric technology to customers in eight African countries so they can use fingerprints to access their mobile money — a process known as touch login — versus usernames and passwords.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Visa Is Planning a Mobile Payments Push Into Nigeria
Though no launch date has been announced, Visa is in “advanced discussions” with major Nigerian banks. mVisa, which launched in India last August, is primarily an in-store payment method, allowing users to pay for goods or services by scanning a QR code on a smartphone or entering a merchant identifier into their feature phones.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance
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World Economic Forum Examines How Blockchain Can Reshape Financial Services
On August 11, 2016, the World Economic Forum (WEF) released a 300-page report entitled The future of financial infrastructure: An ambitious look at how blockchain can reshape financial services , exploring how the financial sector "could overcome current-state pain points through distributed ledger technology (DLT)."
- Categories
- Technology
- Tags
- blockchain, fintech
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Life as an Entrepreneur in a Violent Mexico
Alejandro Avila, the 30-year-old Mexican cofounder of Espiral, a mobile wallet service that he describes as “Square meets Stripe,” is on the edge of something big. Mexicans carry more than 100 million mobile phones and only 15 percent use credit cards, making financial tech a lucrative nascent market.
- Categories
- Technology
- Region
- Latin America
- Tags
- fintech
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