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John Kiff

The economics of mobile money - 0 views

voxeu.org/...economics-mobile-money

Fintech MobileMoney

shared by John Kiff on 07 May 19 - No Cached
  • John Kiff on 07 May 19
     
    This column explains how mobile money potentially helps ameliorate several areas of market failure in developing economies, including saving, insurance, and the empowerment of women. It illustrates these effects using examples from a burgeoning empirical literature and concludes that the system-wide effects of mobile money may be even greater than current studies suggest.
John Kiff

E-Wallet Use Overtakes Credit Cards in Philippines, According to Central Bank - 0 views

fintechnews.sg/...ilippines-credit-card-overtake

Fintech MobileMoney eMoney

shared by John Kiff on 12 Jul 19 - No Cached
  • John Kiff on 12 Jul 19
     
    Philippines' central bank reported that e-wallet penetration is growing faster in the Philippines and has surpassed credit card numbers.
John Kiff

GSMA Sub-Saharan Africa: The enduring epicentre of mobile money - Part 1 - 0 views

www.gsma.com/...icentre-of-mobile-money-part-1

Fintech MobileMoney

shared by John Kiff on 17 Jul 19 - Cached
  • John Kiff on 17 Jul 19
     
    With 21% of adults in the region having a mobile money account, Sub-Saharan Africa is the global leader in the use of mobile money. This correlates with GSMA supply-side data on mobile money, which shows that Sub-Saharan Africa plays host to almost half of all mobile money registered accounts i.e. 396 million - of which 37% are active on a 90-day basis.
John Kiff

Is China's new payment system the future? - 0 views

www.brookings.edu/...-new-payment-system-the-future

Fintech MobileMoney

shared by John Kiff on 02 Jul 19 - Cached
  • John Kiff on 02 Jul 19
     
    What is the future of this system in China and globally? Will it replace the bankcard-based system that launched in America and took over the world? What does it mean to have a payment system migrate from the banks to tech?
John Kiff

GSMA How Africa is driving progress in global mobile internet connectivity - 0 views

www.gsma.com/...l-mobile-internet-connectivity

Fintech MobileMoney

shared by John Kiff on 16 Jul 19 - Cached
  • John Kiff on 16 Jul 19
     
    For many mobile is the primary - or only - way to get online. Last year alone, almost 300 million further people connected to mobile internet. The extent and progress of mobile internet connectivity is explored in detail in the GSMA's State of Mobile Internet Connectivity Report.
John Kiff

GSMA Sub-Saharan Africa: The enduring epicentre of mobile money - Part 2 - 0 views

www.gsma.com/...icentre-of-mobile-money-part-2

Fintech MobileMoney PaymentSystems

shared by John Kiff on 18 Jul 19 - Cached
  • John Kiff on 18 Jul 19
     
    In our last post, we explored mobile money as the driving force for financial inclusion in Sub-Saharan Africa, and the increasing digitisation of use cases across different sectors - many of which were not imagined in the early days of mobile money. This post focuses on the future of mobile money. Looking ahead, we see three key areas of future growth in mobile money across Sub-Saharan Africa.
John Kiff

Is the Libra digital coin just Facebook's version of Tencent's QQ coin? - 0 views

www.abacusnews.com/...3015226

Fintech Facebook AltCoins CryptoAssets Stablecoins MobileMoney

shared by John Kiff on 19 Jun 19 - No Cached
  • John Kiff on 19 Jun 19
     
    Chinese netizens are unimpressed with Facebook's blockchain project as Tencent's Pony Ma and Sogou's Wang Xiaochuan weigh in.
John Kiff

Banks Around The World Dabbling in Crypto with Their Own Coin - 0 views

fintechnews.ch/...29152

Fintech CryptoAssets AltCoins Stablecoins MobileMoney

shared by John Kiff on 05 Jul 19 - Cached
  • John Kiff on 05 Jul 19
     
    JPM Coin (JP Morgan), USC (UBS and twelve others), J Coin (Mizuho and a consortium of Japanese banks), MUFG Coin (Bank of Tokyo-Mitsubishi UFG), and Signet (NY-based Signature Bank).
John Kiff

A Look into South Korea's Booming E-Wallet Scene - 0 views

fintechnews.hk/...et-south-korea-digital-wallets

Fintech MobileMoney PaymentSystems

shared by John Kiff on 10 Jul 19 - Cached
  • John Kiff on 10 Jul 19
     
    South Koreans are increasingly going cashless as more people turn to e-wallets in South Korea for both online and offline purchases.
John Kiff

Wala Was Africa's Perfect Crypto Success Story - Until It Collapsed - 0 views

www.coindesk.com/ccess-story-until-it-collapsed

Fintech CryptoAssets MobileMoney PaymentSystems

shared by John Kiff on 11 Jul 19 - Cached
  • John Kiff on 11 Jul 19
     
    For a moment, it worked as planned. As CoinDesk reported last summer, a user in South Africa could pay their mom's electricity bill in Uganda using a crypto-powered payments app called Wala. But despite early traction in facilitating remittances and other small payments for Africa's underbanked, Wala was effectively broke by early 2019, laying off its staff and closing access to the company's flagship app in February."
John Kiff

Ghana sees route to 'cash-lite' economy through mobile money - 0 views

www.bog.gov.gh/...O%20STAKEHOLDER%20WORKSHOP.pdf

Fintech MobileMoney

shared by John Kiff on 19 Jul 19 - No Cached
  • John Kiff on 19 Jul 19
     
    Bank of Ghana deputy governor Maxwell Opoku-Afari stressed the large gains that Ghana has made in financial inclusion, mostly due to the growth of its mobile money sector. He said the number of mobile money accounts has grown from 3.8m in 2012 to 32.6m in 2018, which is greater than the population of Ghana (30.1 million).
John Kiff

Google's balloon project has a new test: Providing Internet access to 'mountainous vill... - 0 views

www.washingtonpost.com/...ss-mountainous-villagers-kenya

Fintech MobileMoney

shared by John Kiff on 05 Jul 19 - Cached
  • John Kiff on 05 Jul 19
     
    "There is no longer any doubt that high-altitude balloons can be used to provide cellular service to remote locations or places reeling from natural disaster. The question for Loon - an Internet-providing balloon service owned by Alphabet, Google's parent company - is whether that technology is commercially viable."
John Kiff

Ghana is Africa's fastest-growing mobile money market - 0 views

qz.com/...st-growing-mobile-money-market

Fintech MobileMoney

shared by John Kiff on 11 Jul 19 - Cached
  • John Kiff on 11 Jul 19
     
    Ghana has recently become the fastest-growing mobile money market in Africa, with registered accounts increasing six-fold between 2012 and 2017.
John Kiff

A Chinese-style payment network to challenge Visa and Mastercard is taking shape in Europe - 0 views

finance.yahoo.com/...twork-challenge-103921593.html

Fintech MobileMoney

shared by John Kiff on 20 Jun 19 - Cached
  • John Kiff on 20 Jun 19
     
    A new initiative plans to make six of Europe's smartphone wallets interoperable with each other, creating a total network of 5 million users in 10 European countries. Notably, they are working with Chinese fintech giant Alipay to develop a unified QR code.
John Kiff

CIMB's Virtual Bank in Philippines Secures Half a Million Customers in 6 Months - 0 views

fintechnews.my/...cimb-virtual-bank-philippines

Fintech MobileMoney

shared by John Kiff on 14 Aug 19 - Cached
  • John Kiff on 14 Aug 19
     
    CIMB announced that its virtual bank that was launched earlier this year have secured 500,000 customers, approximately six months after opening its doors for business in the Philippines. The all-digital, mobile first bank is part of CIMB's strategy in penetrating new markets.
John Kiff

Africa's financial inclusion at risk from mobile money taxes - 0 views

qz.com/...t-risk-from-mobile-money-taxes

Fintech PaymentSystems MobileMoney Taxation

shared by John Kiff on 12 Aug 19 - Cached
  • John Kiff on 12 Aug 19
     
    The expansion of mobile money services might be one of the most efficient ways of increasing the general collection of taxes-but probably not if you double-tax transactions first.
John Kiff

How regulators are working towards an enabling framework for mobile money in Vietnam - 0 views

www.gsma.com/...ney-capacity-building-workshop

Fintech MobileMoney PaymentSystems

shared by John Kiff on 30 Jul 19 - Cached
  • John Kiff on 30 Jul 19
     
    "It is evident that the government and regulatory push in Vietnam towards mobile money as a means of increasing financial inclusion and enhancing digital society is unwavering."
John Kiff

Libra Has 'Supercharged' Central Bank Interest In Bitt - 0 views

www.forbes.com/...erest-in-this-barbados-startup

Fintech CryptoAssets AltCoins Stablecoins Facebook PaymentSystems MobileMoney CBDC

shared by John Kiff on 19 Aug 19 - Cached
  • John Kiff on 19 Aug 19
     
    "There are really quite stark differences between what Libra's proposing and what we see as a central bank digital currency. On our side it is important to be regulated. You can with a central bank digital currency tell clients that it's legal tender-meaning it has to be accepted and is regulated and backed by assets on a central bank balance sheet. This is really key."
John Kiff

WhatsApp in talks to launch mobile payments in Indonesia - 0 views

www.reuters.com/...ndonesia-sources-idUSKCN1VA0KG

Fintech MobileMoney Facebook

shared by John Kiff on 20 Aug 19 - Cached
  • John Kiff on 20 Aug 19
     
    WhatsApp is in advanced talks with several digital payments firms including ride hailer Go-Jek, mobile payments firm DANA, backed by China's Ant Financial, and fintech startup OVO, which is owned by Indonesian conglomerate Lippo Group and is also backed by ride hailing company Grab, sources said.
John Kiff

CBE authorises 28 banks to provide mobile payment services in Egypt - 0 views

ww.dailynewssegypt.com/...payment-services-in-egypt-amer

Fintech MobileMoney

shared by John Kiff on 30 Sep 19 - Cached
  • John Kiff on 30 Sep 19
     
    The Central Bank of Egypt (CBE) has authorised 28 banks operating in the Egyptian market to provide mobile payment services, according to the CBE's Governor Tarek Amer.
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