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Why Zimbabwe Blocked MTN And Safaricom From Entering Local Market
The Zimbabwean government deliberately blocked the entry of South Africa’s MTN Group and Kenya’s Safaricom into the nation’s telecoms space in order to shield local operators from bigger international firms and promote their organic growth.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Report: Growth of FinTech in Africa Set to Challenge Financial Providers
The FinTech sector in Africa is poised for exponential and rapid growth that will challenge existing financial services providers, despite the fact that it is in the early stages of adoption relative to the rest of the world. According to recent Frost & Sullivan analysis, the FinTech industry in Africa may experience a similar disruption seen in Australia, a country with financial services development comparable to South Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Jack Ma takes on murky China charities in first blockchain foray
Chinese billionaire Jack Ma wants to pry the lid off China's opaque charities. Ant Financial, the affiliate of Alibaba Group Holding Ltd he controls, is using the technology behind bitcoin to record transactions and improve the accountability of the country's philanthropic organisations.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- blockchain, fintech, philanthropy
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The rise and rise of Mexican fintech
The financial services space ticks all the right boxes entrepreneurs look for when launching a company: hard to solve problems, meaningful impact, transformational technologies, clear business models and a solid financing environment.
- Categories
- Technology
- Region
- Latin America
- Tags
- fintech, venture capital
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Meet The Man Championing FinTech In Africa
South African-born Dave van Niekerk is the founder and CEO of MyBucks, a fast-growing African Fintech company that successfully delivers seamless financial services to banked and ‘unbanked’ consumers alike using next-generation technological platforms.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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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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