Category Digital finance

ITU creates new focus group to investigate digital currency, including digital fiat currency

ITU has created a new Focus Group to investigate the emerging questions of how best to standardize and regulate the interoperability and security aspects of digital fiat currency. Titled the ‘ITU-T Focus Group on Digital Currency including Digital Fiat Currency’, the group is open to participation by any interested party and will begin work in […]

Inclusive e-commerce as catalyst for future economic growth: Alibaba’s Jack Ma

Jack Ma, founder and Chairman of the Chinese e-commerce giant Alibaba – and the United Nations’ Special Advisor for Youth, Entrepreneurship and Small Business at UNCTAD — inspired audiences at UNCTAD’s E-Commerce Week on the theme of inclusive e-commerce. As one of the most anticipated events of the week, the Digital Transformation for All: Empowering Entrepreneurs and […]

More girls in tech? Safaricom’s CEO Bob Collymore shares some lessons

“The world has an opportunity to gain trillions of dollars, if [we] can just deal with women’s inequality,” Safaricom’s CEO Bob Collymore told ITU News during an exclusive interview on the sidelines of the Seedstars Summit in Lausanne, Switzerland yesterday. Fresh off celebrating the 10-year anniversary of the launch of Safaricom’s world-famous mobile money service, M-Pesa, Mr. […]

Can blockchain help with smarter energy consumption?

Finance, medicine and education – “this is where blockchain is really going to take off in the short term,” says Ashley Pilipiszyn, PhD researcher at University of Geneva. The potentially game-changing technology that instantaneously transfers information over a distributed network is already changing how transactions take place online, making them more transparent and secure thanks to […]

Has the Mobile Wallet slipped through telco fingers?

Not too long ago – say about five years – the mobile wallet concept was being presented as telco territory. Telcos, we were told, had the networks, they controlled the ‘handsets’ and above all they had earned ‘consumer trust’. This wasn’t an area like download app stores. People understood that a highly secure network along […]

ITU to join new global initiative to expand digital financial inclusion

Just over two years ago, the Bill & Melinda Gates Foundation joined ITU to establish a  Focus Group on Digital Financial Services for Financial Inclusion. The goal was to tackle some of the main challenges countries face when promoting access to finance through ‘mobile money services’ which have proved successful in a number of emerging […]

Are we doing enough to protect vulnerable users of mobile money?

Consumers who stand to benefit the most from innovative digital financial services (DFS) are the 2 billion adults globally who have never had access to formal financial services. The world’s poorest people perceive cash to be more reliable and cost-effective than money stored electronically – their perceptions of the risks attached to digital finance differ […]