Category Digital finance

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 […]

ITU standardization takes up strong position to power the smart 5G era

ITU membership has called for ITU’s standardization arm to expand its study of the wireline networking innovations required to achieve the ambitious performance targets of smart 5G systems. This call has come in parallel with ITU members’ reaffirmation of the importance of ITU’s standardization work to drive the coordinated development of ultra-high-speed transport networks, the […]

Safaricom’s Ronald Webb on why Kenya is ‘No. 1’ for financial and digital inclusion (VIDEO)

The burgeoning area of Financial Technology – commonly referred to as Fintech – and the role of digital financial services (DFS) have been hot topics of discussion at the World Telecommunication Standardization Assembly 2016 (WTSA-16) in Hammamet, Tunisia this past week. Ronald Webb, Director of Financial Services for Safaricom explained how the company achieved its now world-famous success […]