FinTech

More than half of global population to use digital banking by 2026

The pandemic has placed a spotlight on all things seamless; from restaurant menus, hotel check-ins, and even trickling down to FinTech and digital banking services. This focus has accelerated coming of a digital economy that looks to harness the technological advancements that the world has witnessed since the start of the COVID-19 health crisis, which […]

Virtual cards transactions to reach $6.8 trillion by 2026

While MedTech, digitization, and remote working have sucked up the entirety of the technological limelight during the highs and lows of the COVID-19 pandemic, a sleeping giant has also been growing in the background. That sleeping giant: contactless technologies. We have used forms of the technology in a plethora of ways, to ordering food and […]

EXPLAINER: Why has the price of Bitcoin been falling?

Even by Bitcoin’s standards, Wednesday was pretty wild. The price of the famously volatile digital currency fell nearly 30% at one point after the China Banking Association warned member banks of the risks associated with digital currencies. The decline narrowed to below 10% in the afternoon, but Bitcoin had still lost about $70 billion in […]

China bans financial institutions from the crypto market

China has barred financial companies, institutions, FinTechs, and payment companies from delivering any kind of services in relation to cryptocurrency transactions, while warning potential investor to shy away from crypto dealings. Many analysts and industry experts considered the move to be inevitable – especially following the government’s restrictions on Alibaba’s financial arm, Ant Group – […]

MTN Rwanda launches mobile money FinTech services

MTN Rwanda announced late last week the launch of a FinTech subsidiary called Mobile Money Rwanda LTTD, to provide and manage mobile money services throughout the country. The announcement – which was made as the operator received approval from National Bank of Rwanda to launch the FinTech service – also places Chantal Kagame as its […]

Bitcoin millionaire puts money on Greens in German election

A German software developer who made a fortune from bitcoin has given the environmentalist Green Party one of the biggest political donations in the country’s history in hopes it will win this year’s national election — and consider banning the digital currency. Moritz Schmidt’s donation of 1 million euros ($1.2 million) to the Greens made […]

Venmo is into crypto, allowing users to buy Bitcoin, others

Venmo will allow users to buy and sell cryptocurrencies on its app, the company said Tuesday, the latest mainstream financial platform to wade into alternative currency like Bitcoin. In addition to Bitcoin, Venmo has opened up the platform to Ethereum, Litecoin and Bitcoin Cash — generally considered to be among the mainstream of the digital […]

'Britcoin' digital currency being considered by UK

British authorities are exploring the possibility of creating a new digital currency that Treasury chief Rishi Sunak touted as “Britcoin.” The Bank of England and the Treasury said Monday that they will work together to assess the benefits of a central bank digital currency, at a time when cash payments are generally on the decline, […]

Domestic mobile money transfer values to grow to $3.4 trillion by 2025

Online migration has been at the center of the worldwide news cycle since the COVID-19 outbreak, with companies and institutions from almost every walk of life taking their business to the digital realm. The societal impact of technology’s rapid acceleration caused by the pandemic will raise and answer many questions regarding how humans will choose […]