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Report: Mobile devices and merchant transactions are driving financial inclusion
In a new report, the company forecasts that mobile merchant transactions by unbanked individuals will grow from 1.8 billion per annum in 2018 to 3.8 billion by 2023.
- Categories
- Finance
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Playing Drake While Ploughing Dirt: Tech Giants Are Bringing The Internet To Rural India, But Is Data The Price?
HuffPost India met with villagers living near Dholpur, a small town in Rajasthan, where Tata Trusts and Google India have been running a project called 'Internet Saathi' to train rural Indians to use a smartphone to access the Internet.
- Categories
- Technology
- Region
- South Asia
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Why ‘Chat Banking’ is the Future of Financial Services in Africa
WhatsApp alone reports that users send 65 billion messages per day. Yet, despite the continued growth of messaging apps and changing user behavior, very little has been done to integrate financial services into the messaging experience. Sidharth Garg, founder and CEO of Teller, recently returned from East Africa, where he researched user behavior as it relates to mobile money, mobile phone use and communication preferences. He sees a vast opportunity in integrating banking, payments and mobile money features into messaging apps. He thinks now is the time to invest in those integrating technologies, and that Africa may be the place.
- Categories
- Finance, Technology
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Telcos in Rwanda want government to allow them roll out cross-network mobile money transfer
Approval for mobile money interoperability will allow the service providers to begin commercial negotiations, “agree on tariffs and sign agreements with an independent switch provider,” and offer services across networks.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Google could give Baidu a serious run for its money in China
Speculation on the US internet giant’s return has centred on its reported development of mobile search and news aggregation apps designed to meet China’s strict censorship laws.
- Categories
- Technology
- Region
- Asia Pacific
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Phone monopoly is big prize in Ethiopia sell-off
“Everyone is here. MTN is here, Safaricom. I mean everyone is coming,” the new head of the Ethiopian Investment Commission (EIC) said of the stiff competition to enter the previously off-limits telecoms sector.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Mobile industry to add $150b to Africa’s economy by 2022, as subscribers rise
GSMA is pegging the rise to the growing number of mobile subscriptions, which it expects to hit 634 million — equivalent to 52 per cent of the population — by 2025, from 44 per cent as at the end of 2017.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press release: ODX Assembles All-Star Cast to Bring Free Internet to Emerging Markets
“Free and fair access to the web is a fundamental human right,” said Scott Walker, co-founder of DNA Fund. “The dynamic nature of emerging markets creates unique challenges that have never confronted the developed world but also opens up opportunities for innovation and growth. We are proud to be part of the elite group of early supporters of the ODX platform, which will leverage blockchain technology to enable the delivery of free mobile internet access to underserved populations across the world.”
- Categories
- Technology
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