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Zimbabwe: Econet, mobile money agent association head for clash
The Mobile Money Transfer Agents Association of Zimbabwe and Econet are heading for a possible clash over the latter's recent directive that each of its agent should register at least five new customers per day as per their contract.
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Firms form new units to tap into mobile payment business in Indonesia
A number of businesses have set up new units to provide mobile payment solutions to an expanding list of financial service institutions and telecommunications operators in Indonesia amid the projected sharp increase in mobile payments.
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Mobikwik Eyes Big Chunk Of India’s Mobile Wallet Market
Smartphone growth has led to the growth of many companies and MobiKwik is one of them. Started in 2009, MobiKwik is a closed wallet company which records around 100,000 transactions every day.
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PRESS RELEASE : BRAC Launches Innovation Fund to Make Mobile Money Work for the Poor
On March 30, 2014 BRAC officially launched the BRAC innovation fund for mobile money at the Frugal Innovation Forum: Scaling Digitally in Savar, Bangladesh. BRAC is experimenting with transitioning from cash and exploring new development strategies enabled by mobile money with support from the Bill & Melinda Gates Foundation.
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- Impact Assessment
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Vodafone Brings Africa’s M-Pesa Mobile Money to Europe
The launch targets 7 M in Romania who mainly use cash and M-Pesa has 16.8 M active customers in emerging markets.
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- Region
- Sub-Saharan Africa
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Vodafone to roll out M-Pesa services in Andhra Pradesh, Kerala
Vodafone India and ICICI Bank are planning to roll out mobile money transfer and payment service in Andhra Pradesh and Kerala. With this, Vodafone India will cover almost all states in India, thereby enabling people to send, deposit or receive money through mobile phones.
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Can Digital Currencies Change the World?: Bitcoin is a tech-savvy alternative to traditional payment systems, but could it meet the needs of the financially excluded?
Riding on the Bitcoin hype, a legion of techno-optimists believes that digital crypto-currencies have the potential to transform ineffective global payment systems, and ultimately spur global financial inclusion. But will digital currencies such as Bitcoin truly change the global payment infrastructure and bring financial access to millions?
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- Technology
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What will new governor of Zimbabwe’s Reserve Bank mean for mobile money?
If you were waiting, the wait is finally over, former CBZ chief and Economist Dr Mangudya will be the new substantive Governor of The Reserve Bank of Zimbabwe. This comes at a time when the government is making deliberate efforts to re-position the Reserve Bank as the engine of Zimbabwe’s economic recovery. The Herald reports that Dr Mangudya will assume his reigns at his new no. 80 Samora Machel Ave offices effective 1 May for what could be the first of two five year terms.
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- governance, mobile finance