While developing markets like Kenya have embraced mobile payments and wallets, countries like the US, the UK, Canada, France and Germany seem to be much more reluctant to do so. According to an annual Kantar TNS study, only a minority of internet users surveyed in countries like the US, the UK, Canada, France and Germany […]
Mpesa, mobile money transfer tool, is the very best example of success when it comes to financial inclusion. Mobile banking products have gradually become famous in many developing nations for making debit and credit transfers, bill payments, and online purchases; catering to unbanked population and helping them with local money transfers. And, Mpesa is no […]
If you think the Cola wars were harsh and in your face advertising, wait till the mobile money wallet wars start. The contenders are Apple Pay, Samsung Pay, Android Pay, Facebook Messenger, PayPal, AliPay and Tencent’s WeChat wallet. The battlegrounds for these wallet wars are North America, Europe, China and India. With more mobile phones in […]
It was just a matter of time before Samsung Pay would enter the $1 Trillion Mobile Market – i.e. China. Apple Pay recently launched in China (about a month back. Read this excellent article by the Telegraph). Samsung which has a pretty strong presence in Asia, because of its low cost phones and a huge […]
The Quest to buy a Wallet Consider the following scenario. Your significant other asks you to go to the mall and buy her a new wallet. You browse through the various collections on display, examining the pockets, the size, the folds, the pouches, how many slots for cards, a transparent leaf for the placement of […]
Pretty nifty article on the Mobile Payment players in the world, though a few localized ones are still missing, nonetheless, a well-researched read. In the final hours of 2015, there’s one general observation to be made about the payments industry this year: Mobile drove the payments innovation bus. Source: 2015 Mobile Payments Players Top News […]
The rise and rise of M-Pesa. Having witnessed it, the usage and acceptance within the Kenyan society is just amazing. Kenya has about 19 Million users (about the same as bKash), it would be interesting to see who would emerge as the darling of mobile payments for 2016. Kenyans transacted Sh2.3 trillion ($23 billion) on […]
Level One Project is an initiative by the Bill & Melinda Gates Foundation to achieve not only greater financial inclusion, but to develop frameworks and solutions so that 2.5 billion unbanked people can have access to better financial services tomorrow.