ToTok, an instant messaging, video call, and voice chat app, released ToTok Pay on March 17th for Android users. With this new feature, users can make payments through a QR code contactless system, as well as send money to their contacts through their ToTok chat, achieved through partnership with licensed financial institutions. The app has […]
FinTech
Orange has announced the launch of its latest service in Morocco – Orange Money. This robust solution is mainly targeted at those who do not have bank accounts, and offers mobile users (irrespective of their telecom operator) the opportunity to having a mobile wallet supported by their phone number. Orange Money allows mobile phone users […]
Tech giants are predicted to take up to around 40% of the $1.35 trillion in US financial services revenue from incumbent banks. Three of the largest US based, multinational tech companies — Apple, Google, and Amazon — are increasing their scope and slowing encroaching on financial services and the new era of FinTech. This is […]
Hitachi, Hitachi Asian markets (Vietnam) Co, Ltd. local subsidiary of Hitachi in Vietnam, and VietCredit Finance Company (“VietCredit”), a local Vietnamese consumer financial institute in Vietnam, announced that they are the latest collaboration to reach an agreement on the start of a demonstration experiment to provide new financial services using digital technology such as AI. […]
It is very common for senior staff at big tech companies like Apple and Google to leave and branch out to pursue a n tr passion in their field of interest. The move from ‘big tech’ to FinTech is happening more and more. What makes for a successful move and what do these big tech […]
The first Angolan digital banking platform DUbank, is set to be inaugurated at the beginning of 2020 with an initial investment valued at $12 million. Sérgio Hirose, Executive Director at DUbank, claimed that all the legal requirements stipulated by the National Bank of Angola have already been fulfilled. The only item remaining was the endorsement […]
In the recent years, money and our perception of it, has evolved significantly. The rapid advancements in technology has influenced and diversified the form and nature of money used for exchange purposes: from coins to paper to bank-accounts to e-wallets and cryptocurrency, money no longer has a single, identifiable image. Based on how fast the […]
Recently, it seems that the global community has jumped aboard the digital currency bandwagon with China’s exploration of a digital yuan, to Facebook’s Libra. Now, Japan are working on a proposal for the county, to issue its own digital currency – the digital yen. This is said to be a joint initiative between the government and […]
Another Operator has launched a direct mobile digital banking scheme in Puerto Rico. T-Mobile MONEY is a free, interest making mobile checking account that anyone can open and control straight from their smartphone. T-Mobile MONEY lets customers earn a massive 4.00% annually on balances up to $3,000. This is 80 times higher than the standard […]
The contribution of the mobile economy in the Middle East and North Africa (MENA) region, is expected to reach just over 220 billion USD by 2023, as countries increasingly benefit from the improvements in both productivity and efficiency, as a result of increased utilisation and take-up of mobile services. Last year, mobile communication technologies and […]