article thumbnail

Bankless Banking Is Ready For Its Close-Up

YoungUpstarts

Microfinance institutions are able to offer more competitive loan rates to their users to take advantage of lower costs due to dealing in cash. In Kenya and Tanzania, over 25 million people use the M-Pesa mobile payments platform, operated by Safaricom and Vodacom, with money sent via text message. What are mobile payments?

India 100
article thumbnail

Three Megatrends That Will Affect Everybody’s Business

YoungUpstarts

For many mature economies like Japan and the US, the workforce will be older, healthcare costs will be higher, and it looks like we will see diminishing pension benefits. Advances in 3-D printing will change the cost and efficiency of making a lot of products and even body parts or organs! Only time will tell.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

For tech to develop in emerging economies, the first obstacle is trust

The Next Web

industry in Tanzania. Riding the wave of global awareness for the need to stay competitive, Tanzania has taken some positive steps forwards, including government investments in a fibreoptic backbone as well as strategic initiatives around promoting start-ups. Marshall McLuhan wrote that “we shape our tools and then they shape us.”

Ecuador 144
article thumbnail

Traveling the world, meeting startups: What We learned

The Next Web

In both Rwanda and Tanzania ministers for technology spoke about how they see technology as the future for their the economic wealth of their country. We were surprised at how many female entrepreneurs pitched in the competition, particularly in Mexico City, Buenos Aires, Kenya, Rwanda, Tanzania. Governments supportive of technology.