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Tag Index  /  Showing 1 - 3 of 3 results for “Visa”

Business Global Tech

This Emerging Markets Credit Card Is Backed by Facebook Friends

Bogota might soon be home to thousands more online shoppers. That’s where Lenddo introduced a “social network” Visa card to 100,000 of its customers yesterday afternoon. By 3:00 p.m. yesterday in New York, where the online lender for developing countries is based, more than 1,000 Colombians had applied for the card. Lenddo CEO and co-founder Jeff Stewart calls it the first time ever, anywhere, that approval for a credit card is based on applicants’ reputations on Facebook, Google, LinkedIn, and Twitter. In emerging markets, even a steady reliable income and good education are generally no guarantee of access to credit for members of the middle class.   More

Finance

How Mobile Money Can Change Even More Lives

Changing the way we use money is one of the most promising and innovative ways that mobile technology is changing lives around the world. Mobile money is already being used by banks and mobile network operators to provide millions of unbanked consumers a way to store and access money digitally. For millions of consumers in developing countries, mobile money is transforming lives by providing access to financial services and the ability to pay and be paid electronically—sometimes for the first time in their lives.   More

E-Commerce Global Tech Opinion

Alibaba Dips Toe in Developing Markets

Finally there are some interesting news bits on e-commerce leader Alibaba that don’t involve its highly anticipated IPO, including a push into developing markets and a new tie-up with global payments giant MasterCard. Of the two bits, the former is more intriguing because it represents a major move for the company outside the Chinese-speaking world for its highly successful consumer-oriented e-commerce services. The latter tie-up is interesting because it involves a big name like MasterCard, even though actual details are scarce and probably won’t get worked out until some point in the future.   More