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Why Cash Will Remain King, Even in the Promised Land of Digital Money
If you talk to tech companies, telecom companies, and even some NGOs, they will tell you that the future of money in Africa is based on technology.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Global Mobile Money Adoption in 2015: What the Data is Telling Us
In markets where mobile money is available, 10 percent of mobile connections are now linked to a mobile money account, compared to 8 percent in December 2014, according to the GSMA. Across Sub-Saharan Africa, the growth is even starker: one in three mobile connections were linked to a mobile money account in December 2015, up from 22 percent in December 2014. A closer look at the numbers.
- Categories
- Technology
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Bharti Airtel-Kotak Mahindra Bank JV Gets Payment Bank License From RBI
India's largest carrier Bharti AirtelBSE 4.20 % received its payment bank license that is had applied for in partnership with Kotak Mahindra Bank, a move that will help the companies take Indian government's financial inclusion plans to the next level.
- Categories
- Uncategorized
- Region
- South Asia
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The Digital Cloud that Hangs Over Every African Farm
The African continent is at the forefront of the mobile revolution, with nearly 700 million mobile phone accounts — more than in the U.S. and Europe combined. Africa has also become the world leader in mobile banking. But mobile phones and even mobile money accounts do not amount to digital financial inclusion.
- Categories
- Agriculture, Technology
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Telenor’s newest plans: Dial I for insurance in India
Late last decade, Uninor (a JV between Telenor and Unitech) was among the brash new entrants to Indian telecom, giving larger players sleepless nights. At the vanguard of a price war, Uninor offered rates as low as 29 paise per minute and came up with schemes like unlimited talktime for students at a flat rate of Rs 37 for calls within the network.
- Categories
- Technology
- Region
- South Asia
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Vodafone Launches Real-Time M-Pesa Money Transfers
Vodafone and TransferTo, a company specializing in international airtime credit and mobile money transmissions, said Wednesday (Feb. 17) that they are working together to enable real-time global money transfers via M-Pesa Mobile Money accounts around the world.
- Categories
- Technology
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Major Telecoms Attain Financial Interoperability
Vodacom, the leading telecom in Tanzania is finally joining three others - Airtel, Tigo and Zantel - for subscribers to transfer money across multiple networks enabling the country achieve full interoperability.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Peruvian Banks and Telcos Launch National Mobile Money Network
Five years in the making, Peru has launched a national mobile money network, with the aim of drawing five million of the country's unbanked into the formal banking system.
- Categories
- Technology
- Region
- Latin America