Digital wallets
ORA Technologies has bagged seed-funding worth US$1.5m. Money from for the Moroccan-based super-app came from locally-based entrepreneurs. It will use the money to expand. ORA’s mobile app offers P2P transactions, e-commerce, on-demand services, chat functionality, social networking and a future digital wallet. It was founded last year by CEO Omar Alami. Last November ORA raised … Read more
The global cryptocurrency hardware wallet market will be worth USD1328.7m by 2028, up from USD250.7m in 2021. Cryptocurrency hardware wallets are physical devices used to store the digital keys pertaining to any crypto based asset. It enables users to securely the critical information needed to authorise any sort of outing transaction on the blockchain network. They enable enable crypto owners to facilitate the buying and selling … Read more
The underbanked in the Middle East, Africa and Latin America will experience the strongest growth in mobile digital wallets. So says a new report from ABI Research which concluded that over the next five years the number of mobile digital wallets will almost double. ABI which estimates that mobile digital wallets will increase from a … Read more
Parkway Nigeria has launched a new digital wallet for children. It’s called Little and the aim is to help Nigerian children with financial literacy. Chief Operating Officer Angela Essien told The Guardian (Nigeria) that the digital wallet is “…bridging the gap between financial education and financial independence. “It comes with a debit card for children. … Read more
The number of payments in Bahrain which were made using digital wallets last year has tripled. The value of transactions rose 112%. The figures come from a new report by the Central Bank of Bahrain (CBB). The first edition of Bahrain Digital Payment Landscape Report highlighted the increased popularity of digital wallets, especially after the … Read more
Electronic wallet fintech Tekmo has been licenced by the Saudi Central Bank. The total number of companies licenced by the Central Bank to provide payment services is now 22. In an official statement, the Bank said: “This step comes from the role of the Saudi Central Bank in enabling the financial technology sector by allowing … Read more
The Maya app users can now fund their digital wallet with a few taps on their smartphones. This has been made possible after a partnership between payment infrastructure platform Xendit and the China Banking Corp. The pair have launched the China Bank Direct Debit. This new feature allows customers to safely and easily fund their … Read more
