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Technology Repaints the Payment Landscape

In developed economies, money has been digitizing for decades. Few Westerners touch a paycheck anymore. Through direct deposit, digital money is transferred electronically from our employer to our bank account every pay period. A similar process moves contributions into our 401(k) accounts …Continue reading

Can Mobile Money Conquer New Markets?

Since its launch in 2007 by mobile-phone giant Vodafone and local partners, M-Pesa has taken East Africa by storm. Today more than 18 million users, most in Kenya and Tanzania, use the mobile-phone wallet to transfer billions of dollars a month. The …Continue reading

Starbucks Bets the Store on Mobile

The iconic coffee merchant built a payment app that quickly became the envy of retail. Can it recharge Starbucks’s growth despite new competition? If pressed to name the leading smartphone app for paying for a purchase in a store, would you say …Continue reading

Alipay Leads a Digital Finance Revolution in China

Not many years ago, Jane Yang, a 26-year-old civil servant in Beijing, paid her landlord in three-month installments with a stack of 100-yuan notes. To pay her utilities—water, electricity, and home Internet bill—she went to three separate banks,…

The Future of Money

As technology-driven payment ideas give cash a run for its money, the big winners could be established banks and credit card companies. In developed economies, money has been digitizing for decades. Few Westerners touch a paycheck anymore. Through direct deposit, digital money is …Continue reading

Car-Based Technology That Could Invigorate Cities

As declines go, Detroit’s has been spectacular. So it’s a little strange to discover—just a short drive north of downtown, past countless deserted office blocks and homes—something that could help make cities safer, more energy-efficient, and generally more pleasant to live in. …Continue reading

Booming Lagos, Smart City

For Lagos, Nigeria, Africa’s biggest city, any push to become a smart city will have to adapt to constant—and often unplanned—growth. Its challenges are epic. The United Nations predicts that Lagos’s population—which the U.N. estimates at 12.6 million today, though other estimates …Continue reading

China’s Future City

Strolling along sidewalks shaded by plane trees, one might take Tianjin Eco-City for just another of the many residential areas sprouting up all over China. But on closer inspection, this place is different. The roadside trash cans are covered with solar photovoltaic …Continue reading

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