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GSMA Launches Mobile Money Interoperability Test Platform Driving Financial Inclusion in Africa
In Africa over 50.7 million new registered mobile money accounts were opened in 2019-20 alone, taking the total number of registered accounts in the region to 481 million. The total transaction volume and value for mobile money accounts during this period was 24 billion and $461 billion (up by 20% and 27%) respectively.
- Categories
- Technology
- Tags
- fintech
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In Malawi, Residents Use Debit Cards, Mobile Money, To Pay For Water
The project has been implemented in communal water points in peri-urban areas. The initiative can, however, limit the have-nots’ access to water. Social activists have criticized the innovation saying that it robs residents of the right to water.
- Categories
- WASH
- Region
- Sub-Saharan Africa
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Zimbabwe Is Squeezing Its Top Mobile Money Platform for Users’ Data as It Clamps Down on the Media
The government has been at odds with the EcoCash for several months as its currency crisis and economic woes have spiraled out of its control. Last month Zimbabwe’s central bank slammed EcoCash for running, what it called, a Ponzi scheme.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: Western Union Expands With TrueMoney in the Philippines
Five thousand TrueMoney locations across the Philippines to provide Western Union Money Transfer Services
- Categories
- Finance
- Region
- South Asia
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Avoiding the Downside of Instapay: Five Behavioral Science-Based Principles to Make Paycheck-on-Demand Benefit Low-Income Users
There are numerous apps and employers that allow employees to cash out their paychecks on demand, rather than waiting until their usual payday. But while this may seem like a dream come true for people who need quick cash to deal with financial distress, "instapay" also comes with tradeoffs. Analysts at Common Cents Lab discuss these downsides – and some behavioral science-based solutions.
- Categories
- Coronavirus, Finance, Technology
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Airtel Africa Connects With WorldRemit to Grow Its Money Transfer Business
Airtel Africa, a telecommunications and mobile money services company, is scaling up its operations with the help of WorldRemit, a digital money transfer service provider, to broaden its instant money transfer services across Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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How Fintech Can Help South-East Asia’s MSMEs Recover From COVID-19
Fintech is emerging as a crucial means of support for MSMEs during the pandemic as well as an opportunity to stimulate their growth in ways that benefit wider society.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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Digital Payment Grows in Philippines Amid COVID-19 Fears
Digital payments are fast gaining currency in the Philippines as consumers ditch cash to avoid physical contact on worries over catching coronavirus.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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