Mobile money – DIGIT INFO

Binance Expands Mobile Money Across Africa — 6 More Countries Gain Access

DIGIT — Sat, 19 Oct 2024 03:46:18 +0000

Crypto exchange Binance has expanded its reach in West and Central Africa, integrating mobile money payments for cryptocurrency purchases in six countries. This move supports Binance’s goal to boost financial inclusion and make digital assets more accessible. By offering a secure, user-friendly entry into crypto, Binance aims to empower millions across Africa with greater access […]

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Ripple Wins Platinum for Best Cross-Border Payments Platform at Future Digital Awards 2024

DIGIT — Thu, 10 Oct 2024 02:16:27 +0000

Ripple has been named a Platinum Winner for Best Cross-Border Payments Platform in Juniper Research’s 2024 Future Digital Awards for Fintech & Payments. Other winners included Huawei for mobile money, SAP Fioneer for banking-as-a-service, and Paymentology for embedded finance, highlighting a year of varied fintech advancements. Ripple Wins at 2024 Future Digital Awards Juniper Research […]

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Mastercard, Safaricom Partner on Cross-Border Payments

DIGIT — Fri, 20 Sep 2024 04:30:10 +0000

Mastercard and Safaricom have partnered to improve payment acceptance and cross-border remittances in Kenya. The partnership will benefit over 636,000 merchants using M-Pesa and enable them to serve customers globally. This collaboration will provide faster and more reliable payment solutions for Kenyan businesses and their customers. Streamlining Cross-Border Transactions The multinational payment card services corporation, […]

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Binance Launches Mobile Money Feature for Crypto Transactions in Africa

DIGIT — Fri, 23 Aug 2024 07:30:46 +0000

Crypto exchange Binance has launched its One Click Buy and Sell (OCBS) service in Africa, enabling users in Ghana, Tanzania, Uganda, and Zambia to buy and sell cryptocurrencies via mobile money accounts. This initiative aims to enhance financial inclusion, particularly for the unbanked and underbanked populations. Binance Expands Services in Africa, Boosting Crypto Accessibility Cryptocurrency […]

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Real-World Assets Platform Gluwa Considers Developing Liberia’s CBDC

DIGIT — Tue, 19 Mar 2024 04:45:56 +0000

The real-world assets platform, Gluwa, is exploring the potential to assist in the development and launch of Liberia’s central bank digital currency. To increase the likelihood of the digital currency’s success, Gluwa is also considering the launch of a satellite-based internet service. Making the Digital Currency Compatible with Liberia’s Mobile Money System Gluwa, a real-world […]

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Report: Flutterwave CEO in Bid to Recover Millions Stuck in Kenya

DIGIT — Tue, 14 Feb 2023 11:30:54 +0000

According to reports, the CEO and co-founder of the Nigerian fintech Flutterwave, Olugbenga Agboola, recently visited Kenya where he sought to convince the country’s monetary authorities to grant the firm access to funds that have been blocked since July 2022. Agboola claimed that his firm had “instituted a number of changes over the past year […]

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Strike Launches Bitcoin Lightning Network-Enabled Money Transfers to Africa

DIGIT — Wed, 07 Dec 2022 22:30:21 +0000

United States-based users of Strike, a digital payments platform built on Bitcoin’s Lightning Network, can now transfer funds instantly and at a low cost to Kenya, Ghana, and Nigeria via the recently added new feature known as “Send Globally.” The new feature instantly converts the funds to local currencies prior to moving them to recipients’ […]

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Ghanaian Central Bank Allays Fears That a CBDC Will Disrupt Mobile Money Operations

DIGIT — Sun, 04 Sep 2022 10:30:48 +0000

The Bank of Ghana has said the expected implementation of the central bank digital currency will not disrupt or negatively impact the operations of mobile money operators. Rather, the central bank expects the digital currency to improve the efficiency of Ghana’s settlement systems as well as to “fast-track cross border trade.” CBDC to Complement Mobile […]

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Latest Global Findex Survey: Share of Adult Population with a Bank Account Now 76% — 1.4 Billion Adults Still Unbanked

DIGIT — Sat, 16 Jul 2022 06:30:40 +0000

Between 2011 and 2021, the share of the world’s adult population that had bank accounts rose from 51% to 76%, the findings of the latest World Bank Global Financial Index survey have shown. About 1.4 billion adults are, however, still unbanked, not having the money or the identification required for opening a bank account. Mobile […]

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Report: Cryptocurrency Can Potentially Complement Mobile Money Argues Kenyan Banker

DIGIT — Fri, 20 May 2022 22:30:45 +0000

The CEO of one of Kenya’s biggest lenders has argued there is a possibility cryptocurrencies will complement mobile money in Africa but first, there is a need to convince regulators of their benefits. African Regulators’ Stance on Crypto Cryptocurrencies can potentially complement mobile money in Africa if regulators on the continent are made to change […]

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