-
Branchless Banking Customers in Indonesia Vulnerable to Overcharges, Data Breaches, says MicroSave Survey
Agents are typically the main conduit of information for branchless banking customers regarding transaction fees. According to the survey, 74 percent of digital financial services users in urban areas and 88 percent of users in rural areas rely solely on their agents – who typically print their own pamphlets that advertise false transaction fees – for relevant information, Mohammad said.
- Categories
- Uncategorized
- Region
- Asia Pacific
- Tags
- fintech, mobile finance
-
Kenya operators drop cross-network money surcharges
Cross-network transactions are currently possible in the country, but are complex to execute and carry additional charges.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
Safaricom is planning to expand M-Pesa mobile money across Africa
Vodacom says the proposed deal gives it access to a market with “high growth, high margin, high cash generation business.” Shameel Joosub, the Vodacom Group’s chief executive, said the stake will drive M-Pesa adoption across its business.
- Categories
- Technology
- Region
- Sub-Saharan Africa
-
E-payments to dethrone cash
“There is a clear correlation between the share of electronic payments and the opportunity for GDP growth,” Tim Murphy, general counsel and chief franchise officer for MasterCard, told The Post on the forum’s sidelines. “With every 1 percent increase in the share of electronic payments of a country’s personal expenditure, you can see somewhere between a third and a half of a percentage point increase in GDP.”
- Categories
- Technology
- Region
- Asia Pacific
-
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
-
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
-
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
-
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
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.