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Safaricom Launches M-Pesa Card for Point-of-Sale Payments
Already, the leading mobile service provider has signed up 13,000 customers in Nakuru to the newly launched M-Pesa 1Tap service.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance
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The real promise of regulatory technology in financial inclusion
Financial authorities could someday run digitally, but getting there is not going to be easy. In many countries, regulators today often use fax machines, let alone cloud-based software and analytics. And yet, the future of the financial sector depends on modernizing regulatory authorities.
- Categories
- Uncategorized
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Indian Digital Wallet Company Founder Says Its Biggest Competitor is Cash
Co-founder & Director of India’s leading mobile wallet company expects overall digital payments to contribute 35-40 percent of total transactions in the economy by 2018, citing cyber security as one of the most crucial issues for banks and consumers.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance
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PayPal Seeks License to Enter Competitive Mobile Wallet Space in India
Global payments company PayPal is eyeing a prepaid payment instrument license to enter the competitive mobile wallet space in the country, said three sources familiar with the development.
- Categories
- Uncategorized
- Region
- South Asia
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The Fight For The $400 Billion Business Of Immigrants Sending Money Home
A new class of startups is using bitcoin and the blockchain to drastically lower fees as they try to grab a share of the remittance market from old competitors like Western Union.
- Categories
- Technology
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Fintech: Africa welcomes emerging fintech startups
Given financial technology is about smart, innovative, flexible start-ups looking to eat away at traditional financial firms’ intermediary roles, it is not surprising that Africa, with its woefully inefficient banks and sclerotic infrastructure, is feeling the full force of the fintech wave. According to industry players, there is a hive of fintech activity now in most major capitals of Sub-Saharan Africa.
- Categories
- Technology
- Region
- South Asia
- Tags
- fintech, mobile finance
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MoneyOnMobile plans to invest US $100 million in Mumbai startup
MoneyOnMobile, a Dallas based fintech Investment Company plans to invest about US $100 million in the Mumbai–based pre–paid mobile wallet and remittance service startup, My Mobile Payments Limited (MMPL).
- Categories
- Uncategorized
- Region
- South Asia
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M-Pesa cash ceiling to go up in bid to boost M-Akiba bond
Plans are in the offing to raise the daily mobile money transaction ceiling from the current Sh140,000 to accommodate higher purchases of the M-Akiba product launched on Thursday.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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