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Africa Leads Mobile Money Boom
New data from Juniper Research has revealed how Service Providers are benefiting from the boom in mobile money transfer services - with $2bn in revenues forecast for this year and $4bn annually 2018...
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Former U.N. Official: Bitcoin Has Potential in Fragile States
Having worked in humanitarian affairs and on the ground in conflict zones for the last 20 years, Ben Parker provides a unique perspective on how bitcoin could succeed where it's perhaps needed most – in struggling developing nations.
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- Uncategorized
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Rwanda: MTN, Western Union Sign Mobile Money Transfer Deal
It will now be easy for Rwandans living abroad to send money to their relatives back home following the launch of a new mobile money transfer service by MTN Rwanda and Western Union, a global money transfer service firm.
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- Uncategorized
- Region
- Sub-Saharan Africa
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10 Key Issues Shaping Mobile Money in Africa: Takeaways from the Mondato Summit Africa
Africa is ground zero of the mobile money revolution, a rapidly developing and exciting – but often chaotic and confusing – space. Last week, some of the top names in the industry gathered in Johannesburg at the Mondato Summit Africa to bring some clarity to its present and future. We’ve put together 10 key takeaways from the event.
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- Agriculture, Health Care, Technology
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Sending money out of South Africa set to become easier and cheaper
An exemption to a financial intelligence law will reduce the cost and lessen the bureaucracy involved in transferring cash across the border.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Shaking up global remittance market: Startups & telcos making money available at the click of smartphones
New tech startups and traditional telecom operators are taking advantage of the rapid rise of smartphones in many emerging economies to reduce the barriers - and costs - of sending cash overseas.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Findex: Sub-Saharan Africa Continues to Be the Leading Frontier of Financial Inclusion
Half of the world's population lives and works in the informal economy - not by choice, but by necessity. In the language of economists, poor families in developing countries are consumption-smoothing households and capital-consuming, self-employed entrepreneurs at the same time. As a result, they need a broader range of financial services to manage inevitably irregular income and expense spikes, accumulate working capital, build assets, and mitigate risks. Lacking better alternatives, they often resort to informal financial mechanisms, such as moneylenders, pawnbrokers, and rotating savings clubs, which can be very unreliable and expensive.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Ripple scores $28 million funding round
Digital currency outfit Ripple Labs has closed a $28 million Series A funding round that includes IDG Capital Partners and the venture arms of CME Group and global data storage company Seagate Technology.
- Categories
- Uncategorized
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