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Technology Exists to Lower Kenya’s Money Transfer Costs
Kenyans living abroad could soon send money back to their families and friends in the country at lower costs.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Facebook faces multiple barriers to success in mobile payments
Facebook is a digital landscape filled with memes, selfies and cat pictures. The social media behemoth does not conjure up visions of a vibrant payments ecosystem, though, especially with its past failures. But that might be about to change.
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MTN, Airtel Announce Cross Border Remittance Deal in West Africa
The partnership will allow MTN customers in Ivory Coast and Airtel customers in Burkina Faso to transfer money between the neighboring countries.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Digital-payment revenue in sub-Saharan Africa expected to soar
Electronic-payments revenue in sub-Saharan Africa (SSA) could reach up to $16 billion annually in the next few years if the growth of mobile payments in Kenya is repeated across the continent, according to a recent study by McKinsey and the Gates Foundation.
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PRESS RELEASE: Western Union Expands Mobile Money Transfer Network in Nigeria
New relationship with Paga gives more than 1.2 million Paga subscribers access to Western Union services.
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- Uncategorized
- Region
- Sub-Saharan Africa
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OPINION: Bitcoin and mobile payments: Don’t get your hopes up
Before there were cell phones, there was the dream. You know the dream, the dream of techno-optimists everywhere: Get rid of the wallet. Make money electronic. Get rid of those inconvenient technologies like cash and credit cards, and put it all on your phone. Pay by punching a key on your phone. Like in Japan! And cut out a few middlemen while we're at it. Admit it, we've all fantasized about it.
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OPINION: Mobile and Money Remittance – A Perfect Match
Mobile makes money transfers faster and more convenient and it has the potential to reduce bottlenecks in branches.
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- Uncategorized
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Japan considers Bitcoin tax after Mt. Gox failure
Japan is looking at ways to tax Bitcoin transactions, a report said Tuesday, in the wake of the spectacular failure of the Tokyo-based Mt. Gox exchange after a half-billion-dollar theft.
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- Technology
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