Smartphone penetration across the emerging markets is increasing significantly. Recently MTN Group published statistics on the growth of smartphones across its operating companies, including South Africa (15%), Nigeria (36%), Ghana (64%) and Côte d’Ivoire (100%). On this note, Youtap, the global provider of contactless mobile payments and financial services software has launched a QR code solution as well as smartphone apps for mobile money in Africa and Asia. According to a statement by Youtap, the solution complies with the industry standard that was developed by Bharat, Mastercard and Visa. "Youtap's apps can be white-labelled and branded with the logo colours of the mobile money service," the statement stated. The new solution gives any merchant or small business owner with a
Mastercard’s startup engagement program Start Path Global works with startups to drive new businesses forward and is launching a call for application for its 2016 class. Start Path was established in early 2014 as a way for Mastercard to work directly with global startups building innovative solutions covering everything from blockchain to artificial intelligence and chatbots. Over the last two years, Start Path has worked with over 90 companies across 24 countries. Mastercard is currently running active pilots with or has directly invested in nearly 20 percent of the companies. “In 2014 Mastercard wanted to look beyond itself and support innovation that was being developed by new and upcoming, early-stage companies” said Chris Bwakira, Vice President & Area Business Head East Afri
The Mastercard Foundation Think Tank recently released findings from a peer to peer research report that provides some key insights into youth employment and entrepreneurship trends in East Africa. The Youth Tank which was established in 2012 to ensure that young people are meaningfully engaged in improving their economic opportunities in Africa has demonstrated the "dedication and energy of young people to seek positive change within their communities." That is according to Ann Miles Director, Financial Inclusion and Youth Livelihoods at The MasterCard Foundation, as newsghana reports. She said: “Their research is an important piece of work that will help to inform not only the Foundation’s strategy for expanding youth economic opportunities, but also governments and policymakers in t
Nigeria's president has formally launched a national electronic identity card, which all Nigerians will have to have by 2019 if they want to vote. Reports BBC Goodluck Jonathan received the first biometric card which can also be used to make electronic payments. MasterCard is providing the prepaid payment element and it hopes millions of Nigerians without bank accounts will now gain access to financial services. An attempt to introduce national ID cards in Nigeria 10 years ago failed. Analysts blame corruption for its failure, and say the same problems may stymie the new e-ID scheme. 'Breaks barriers' "The card is not only a means of certifying your identity, but also a personal database repository and payment card, all in your pocket," President Jonathan said at the launch in the cap...