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Tanzania Deploys the First Mobile Money Monitoring Solution for Regulatory Authorities in the World
As Mobile Money services continue to grow in popularity in the United Republic of Tanzania, the Tanzania Communications Regulatory Authority (TCRA) has had the foresight to implement a technological platform to enable the monitoring of mobile money services in the country. The Mobile Money Monitoring (M3) platform provided through the joint efforts of SGS-Société Générale de Surveillance (SGS) and Global Voice Group (GVG) and inaugurated in 2015 by the Hon Prof Makame M. Mbarawa, Minister of Communications, Science and Technology, is making this possible. Tanzania is now the first country—in the East African region, and also in the entire world—to implement a Mobile Money monitoring solution.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, regulations
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Guadalajara Startup Kueski Scores Largest Fintech Investment in Mexico History With $35 Million
Guadalajara microloan startup Kueski announced a massive funding series over the weekend, bringing in $35 million with the potential to increase that to $100 million. The Series A round was led by Richmond Global Ventures, Rise Capital, the CrunchFund and Variv Capital. It also included Victory Park Capital, Angel Ventures Mexico, Core Ventures Group and Auria Capital.
- Categories
- Investing
- Region
- Latin America
- Tags
- fintech, lending, microfinance
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Ethiopia Banks on Mobile Money for Financial Growth
Outside a small store on a dirt track in the remote Ethiopian town of Doni, long queues wait for government cash handouts by the most modern of methods: mobile phone.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Paytm Launches Wi-Fi Pilot in India; Enables Free Internet for a Limited Duration
Underlining its digital-first approach, Paytm, India’s largest mobile payments and commerce platform, has announced the launch of its ambitious pilot project to enable seamless internet connectivity for users. Under this initiative, Paytm is enabling limited-duration free Wi-Fi for its users in partnership with a licensed ISP. The first such Wi-Fi initiative is already underway near the Noida-18 metro station in partnership with a licensed ISP.
- Categories
- Technology
- Region
- South Asia
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Philippines’ Tax Bureau Taps Mobile Payment for Tax Collection
The Philippines' Bureau of Internal Revenue (BIR) has partnered with Globe Telecom's GCash mobile money service for its tax collection effort.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, infrastructure
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MasterCard Drives New P2P Solution in Bangladesh
In a quartet joining forces to bring mobile cross-border payments to 22 million Bangladeshis, MasterCard is linking up with Western Union, bKash and BRAC bank.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, remittances
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WeChat Proprietor Tencent Seeks $2 Billion Loan for FinTech Expansion
The Chinese internet giant Tencent Holdings Ltd, most famous for its WeChat messaging app, is reported to be soliciting a loan that could run as high as two billion dollars in order to deepen its interests in the FinTech sector.
- Categories
- Technology
- Region
- South Asia
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In the Birthplace of Mobile Money, Kenyans Prefer Paying Cash for Uber
Despite fierce opposition from traditional taxi drivers, Kenya has become one of Uber’s fastest-growing African markets, and allowing cash payments played a crucial role in the growth, according to Alon Lits, Uber general manager for sub-Saharan Africa.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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