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Tanzania Deploys the First Mobile Money Monitoring Solution for Regulatory Authorities in the World
As Mobile Money services continue to grow in popularity in the United Republic of Tanzania, the Tanzania Communications Regulatory Authority (TCRA) has had the foresight to implement a technological platform to enable the monitoring of mobile money services in the country. The Mobile Money Monitoring (M3) platform provided through the joint efforts of SGS-Société Générale de Surveillance (SGS) and Global Voice Group (GVG) and inaugurated in 2015 by the Hon Prof Makame M. Mbarawa, Minister of Communications, Science and Technology, is making this possible. Tanzania is now the first country—in the East African region, and also in the entire world—to implement a Mobile Money monitoring solution.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, regulations
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Analysis: Financial Inclusion Implications of India’s new National ID Law
On Friday, the Lok Sabha stamped its overwhelming approval on the Aadhaar (Targeted Delivery of Financial and Other Subsidies, Benefits and Services) Bill. Since it is a money bill, the Rajya Sabha cannot exercise a veto. It is for all practical purposes just short of becoming law.
- Categories
- Uncategorized
- Region
- South Asia
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Future Looks Gloomy for Ghana’s Microfinance Institutions
THE future looks gloomy for Ghana’s microfinance institutions as the country’s central bank cracks the whip on fly-night lenders that have mushroomed across the country.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Uganda Preparing Law to Regulate Microfinance Institutions
Government is in advanced stages of establishing a law that will pave way for the formation of an autonomous institution that will license, regulate and supervise non-Microfinance Deposit Taking Institutions (MDIs), an official has disclosed.
- Categories
- Investing
- Region
- Sub-Saharan Africa
- Tags
- microfinance, regulations
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Regulation Should Preserve Benefits of Digital Currency
The International Monetary Fund (IMF) has released a staff paper that examines the risks and use cases of virtual currencies such as bitcoin, recommending a balanced regulatory framework that will not stifle innovation.
- Categories
- Technology
- Tags
- regulations
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Central Bank of Kenya Warns Against Using Bitcoin and Other Unregulated Digital Currencies
As the role of bitcoin and other unregulated digital currencies grows, the Central Bank of Kenya has joined other authorities from around the world to warn that virtual money is insecure and could be used to fund terrorism.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- regulations
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ANALYSIS: Bitcoin vs. M-Pesa: Digital payments innovators battle in Kenya
On 14 December, a high court in Kenya will come to a preliminary decision in a battle between Bitcoin remittance and payments company BitPesa, which is suing Safaricom, the telecom company which operates M-Pesa. Also suing is Lipisha, the payment company that gateways BitPesa and M-Pesa. There's plenty of irony to go round here. Bitcoin and M-Pesa should not be pitted against one another - both are elements of a payments revolution that is happening right now and which will be remembered as one of the great technology success stories of the 21st century.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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‘SEC Ruling on Crowdfunding Both Opportunity and Stumbling Block for Startups’, Expert Says
There has been a lot of talk about SEC’s approval of Title III of the JOBS Act, which allows, for the first time, also non-accredited investors to join equity crowdfunding campaigns.
- Categories
- Technology
- Tags
- crowdfunding, regulations
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