technology
MTN Nigeria Attains Approval to Operate Mobile Money Bank (MoMo)
MTN Nigeria received approval from the Central Bank of Nigeria on Monday to operate Mobile Money (MoMo). MTN Nigeria’s Mobile Money (MoMo) service has more than 9-million users since it launched in 2019. According to TechCabal, the approval means that MTN Nigeria will be able to provide all the services offered by conventional commercial banks virtually, with the exception of granting credit and processing foreign exchange transactions. “We are grateful to the CBN for granting the final approval to commence the operations of MoMo PSB, which is an important milestone for our Ambition 2025 strategy. We are excited about the opportunity for MTN Nigeria to support the CBN and the Federal Republic of Nigeria in fulfilling the agenda of driving financial inclusion in Nigeria,” MTN Group CEO Ralp...
Crypto seen as the ‘future of money’ in inflation-mired countries
Last year, cryptocurrencies reached a “tipping point,” according to Gemini’s 2022 Global State of Crypto report, “evolving from what many considered a niche investment into an established asset class.” According to the report, 41% of crypto owners surveyed globally purchased crypto for the first time in 2021, including more than half of crypto owners in Brazil at 51%, Hong Kong at 51% and India at 54%. The study, based on a survey of 30,000 adults in 20 countries over six continents, also made a strong case that inflation and currency devaluation are powerful drivers of crypto adoption, especially in emerging market (EM) countries: “Respondents in countries that have experienced 50% or more devaluation of their currency against the USD over the last 10 years were more than 5 times as...
FNB Partners with AURA to Keep Customers Safe
Sourced from Htxt.Africa FNB today announced that it has partnered with AURA, a safety marketplace platform that uses smart auto-dispatch technology, to add GuardMe to its banking app. FNB banking customers can now access instant emergency response services, anywhere, anytime via the FNB banking app. A new addition to the eBucks Rewards app. Powered by South Africa’s leading security and medical response marketplace, AURA, the in-app panic button, GuardMe, is available to all FNB customers who register for the service. This technology solution allows FNB customers to immediately request rapid mobile emergency responses in the event of an emergency or the threat of a crime such as theft or hijacking. As soon as the panic button is activated, the AURA-powered platform auto-dispatches the clo...
New Content Rules Target Firms & Creators in Kenya
Image sourced from Pixabay Broadcasters, content creators, and online streaming service platforms in Kenya will start classifying content under new regulations meant to keep up with increased production. According to Business Daily, commercial TVs and radios will review 70 percent of the content aired for age appropriateness to show if it’s good for watching from a certain age, with the Kenya Film and Classification Board (KFCB) reviewing the other 30 percent. This will target pre-recorded shows like movies, advertisements, and telenovelas. Netflix, Showmax, and Amazon will also review 70 percent of their movies and add KFCB’s age-appropriate symbols. “Classification of one-day content can take one week and we are not able to keep up. So the involvement of the industry is to ensure complia...
DiDi Shuts Down Operations in South Africa
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Data Democratisation: Broadening the Reach of Data for the Business
Image sourced from Pixabay Even though data has become the lifeblood of every organisation, it is still not accessible (or even understandable) to all employees. The potential of data is virtually limitless. It can be used to transform, enrich, and boost companies by harnessing the value of the information they have at their disposal. To do so, however, requires decision-makers to embrace the concept of ‘data democratisation’. Data democratisation can be defined as the process of making digital information accessible to the average non-technical user of information systems, without having to require the involvement of IT. Sounds straightforward. In practice, it requires organisations to navigate the complexities of their data real estate and find more effective ways of promoting collaborat...
Museums in the metaverse: How Web3 technology can help historical sites
Metaverse events at ancient and historical sites could soon shape up to be an alternate future for tourism. Owners of physical castles and villas who have drafted up augmented reality blueprints of their properties think their ambitious plans to attract visitors in the metaverse will work, as virtual events can help them pay the hefty maintenance bills for their aging properties and also offer a chance to change historical narratives. The metaverse tourism model was expedited by downturns in tourism brought about by COVID-19, but the industry may have already been heading that way. Currently, major metaverse platforms are clunky, difficult to use and waiting for more “real estate” development, but firms are concentrating on what could be. Brands seem to be entering the metaverse en m...
Finding the Business Case for Blockchain
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Inside the blockchain developers’ mind: Building truly free-to-use DApps
Cointelegraph is following the development of an entirely new blockchain from inception to mainnet and beyond through its series, Inside the Blockchain Developer’s Mind, written by Andrew Levine of Koinos Group. In myprevious article, I explained from first principles what was needed to build a truly free-to-use social decentralized application (DApp) and how Koinos is that solution. In that article, I explained that to deliver a truly free-to-use DApp, it must be possible for someone other than the end-user to provide the network resources (“mana” in the case of Koinos) required to run a given smart contract. Blockchain mana Now that we understand why Koinos is designed the way it is (to support free-to-use experiences), I’m going to explain in more detail how this works. One of the innov...
vivo Finally Launches Y76 5G in SA
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The Kids Corner App on HUAWEI MatePad: 3 Things You Need to Know
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