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Vinod Khosla-Backed Novopay Launches Mobile Wallet in India
Novopay Solutions Pvt. Ltd on Wednesday unveiled its consumer wallet, which allows payments at neighbourhood stores, remittances and withdrawals.
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- Uncategorized
- Region
- South Asia
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Viewpoint: Costly Cash
Suppose there were a way of getting money to some of the world’s poorest people precisely when they need it. Suppose, too, that the flow hardly ever diminished, even during a global financial crisis. Finally, suppose the cash could not be creamed off by corrupt local officials. Surely every right-minded government in the world would want to encourage this and make it as cheap and easy as possible?
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- Uncategorized
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Study Set to Harmonize Mobile Money Transfer Fees in East Africa
The central banks of four East African countries are conducting a study that will set the baseline for money transfer fees across the region.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
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Nigeria Is Africa’s Top Remittance Recipient Nation
MobileMoneyAfrica will host the RemitAfrica conference on Nov 04 – 05 in Lagos, the economic capital of Nigeria, Africa’s largest remittance nation.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- remittances
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PRESS RELEASE: MoneyGram Expands Mobile Money Choices in Africa
New agreement enables customers to receive money directly to M-Pesa accounts in Tanzania.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Will West Africa be the New East Africa in Mobile Money?: Shifting regulations and a growing ecosystem make the region an area to watch
Though the member countries in the West African Economic and Monetary Union share one currency and one central bank, their mobile money ecosystems differ greatly. However, interoperability will likely be integrated across most of these countries in the not too distant future. Could its new regulatory regimes and developing ecosystems help the region take its place alongside the mobile money sprinters of East Africa?
- Categories
- Technology
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Early Morning Call: How One Entrepreneur Is Taking on the Money Transfer Giants
Telephones have always been a fundamental part of the remittance process, Ahmed Ismail says with a wry laugh; when they ring early in the morning, it tends to be costly.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- remittances
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The Disruptors Are Forcing Change in the Remittance Industry
Remittances to Africa have grown rapidly in recent times, and it forms an integral part of the $500 billion global money transfer market. This is because several African nations rely heavily on money sent home by friends and relatives working abroad. Hundreds of Africansare migrating daily to keep growing the influx. But the biggest gainers in this have for long being a few firms, whose near-monopoly costs the continent about $2 billion annually in remittance fees. However, a new breed of companies are causing much needed disruption in the money transfer market and are putting consumers back in control of their money.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- public policy, remittances
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