Fintech Makes Waves In Cash-Based, Largely Unbanked Jordan
Jordan, a country with a cash-based economy, is among those countries with a large unbanked population that is seeing its fair share of fintech innovation, according to Wamda, a Mideast financial news site. Both the banking and technology industries have recognized the fintech opportunity. The Central Bank of Jordan (CBJ) last May introduced an electronic payment platform called eFawateerCom to allow people to pay bills from ATMs, POS terminals, kiosks, and computers. Emerging Markets Payments (EMP) is an e-payment service provider developed by eFawateerCom. GreenWallet, an online lending....
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Our expert Brandon Kostinuk, Communications Lead at Vanbex Group, analyses the role of the world’s unbanked in Fintech innovations and technological advancement. Each week headlines spotlight millions of dollars in fintech funding for the development and trialing of cutting-edge technology like the distributed ledger, digital currencies or their deploying platforms. It is easy to lose sight of the core, perhaps altruistic, driving force of creating technology, which is advancement. Brandon Kostinuk makes reference to President and CEO of the San Francisco Federal Reserve John C. Williams’....
The Waves platform has announced the launch of a new token called the Waves Community Token (WCT). The launch is a part of its recently introduced Custom Application Token (CAT) facility on the mainnet. These new token will be distributed after January 15, 2017. The intention behind the launch of the new token is community-based KYC/screening of new assets. The new token distribution will enable Waves to foster community engagement in the next nine months. Initially, 20 percent of the WCTs will be distributed across all existing Waves wallet addresses based on their average WAVES balance....
The governor of the Central Bank of Jordan recently said his institution is studying the possibility of launching a legal digital currency, one that will be linked with its national currency. He also suggested that cryptocurrency trading might eventually be allowed in Jordan once the necessary legislation has been put in place. Protecting Investors Jordan is currently studying and exploring the possibility of launching a central bank digital currency (CBDC) linked to its currency the Jordanian dinar, the country’s central bank governor has said. In addition, the governor, Adel Al....
South-east Asia’s biggest ride-hailing platform Grab has unveiled plans toward a $700 million investment in Indonesia. The majority of which will be toward Fintech development, particularly mobile payment and financial services in the country. Singapore-based Grab which sees a major presence in a number of Southeast Asian countries including Singapore, Malaysia, Thailand, the Philippines and Vietnam is gearing up toward a major investment drive in Indonesia, a country that is already Grab’s largest market. As revealed by its announcement, the well-funded Uber competitor is planning to....