Two big themes on Daily Fintech are: First the Rest, then the West (the idea that innovation in the 20th century flowed from the West (America and Europe) to the Rest (Of the World, aka ROW, emerging, developing, frontier, high growth) and in the 21st century that flow of innovationRead More
Post Tagged with: "Africa"
The humble ATM is holding up well. Folding notes are OK. According to research firm RBR, reported here, ATM cash withdrawals rose almost as quickly as cashless payments since 2010 (7.1% vs 7.6%). 4 Reasons Cash is So Resilient # 1: Merchants don’t like the fees on credit cards. # 2:CashRead More
BitFury, the world’s leading bitcoin blockchain infrastructure provider and transaction processing company has just made an investment in BitPesa — a universal bitcoin payment and trading platform for Africa. The official announcement below suggests that bitcoin is seeking a way to give the pan-African continent open access to the financial benefits of aRead More
Standard Bank in South Africa introduced a new mobile payments option for merchants called SnapPay — and the bank is still charging merchants a hefty processing fee. There is a hope that direct connections between banks and retailers would help merchants avoid card fees. That is not the case here.Read More
The financial services story in Africa has been dominated in recent years by M-PESA, the Kenyan mobile payments service. But an there’s also a mobile banking story worth noting at First National Bank of South Africa. FNB, as it is called, is doing an impressive 230 million mobile banking transactionsRead More
Some have suggested that Quora might be the new Google. While we won’t go that far, the Q&A site offers a unique window into what’s bugging people right now, including those engaged in financial services. Here are the five most popular banking-related questions being fielded on Quora right now: This OrangeRead More
Put down your smartphone, we’re talking about a different kind of mobile banking here. You’ve heard of food trucks, right? And maybe you’ve even seen mobile post offices. Buying stamps and mailing packages out the side of a truck doesn’t seem so strange. So how about a bank in truck?Read More