How Coronavirus is Impacting Digital Payments in Emerging Markets

Jannie Delucca

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Electronic payments have been developing swiftly in rising markets about the final ten several years or so, given that the institution of MPESA in Kenya in 2007, writes Pavel Matveev, CEO of Wirex. MPESA depends on a hundred and twenty,000 retail agents who choose in and dispense money to consumers all-around the nation, and in 2017, MPESA processed 1.7 billion payments […]

Electronic payments have been developing swiftly in rising markets about the final ten several years or so, given that the institution of MPESA in Kenya in 2007, writes Pavel Matveev, CEO of Wirex.

MPESA depends on a hundred and twenty,000 retail agents who choose in and dispense money to consumers all-around the nation, and in 2017, MPESA processed 1.7 billion payments with a benefit of $29 billion – pretty much fifty percent the GDP of Kenya.

What’s Taking place During Lockdown?

If consumers need to

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Navi Mumbai veggie markets to resume operations from Wednesday

Jannie Delucca

The Maharashtra Government and the APMC market administration have finally managed to achieve a breakthrough on Monday in reopening the onion, potato and vegetable wholesale markets at Navi Mumbai. The traders and transporters have decided to resume operations from Wednesday.

Anoop Kumar, Secretary of Cooperation Department, told BusinessLine that after long meetings with traders it was decided to resume operations at Navi Mumbai APMC. The traders have been asked to prepare a self-regulation plan so that there is much lesser crowding at the markets. Earlier, some traders had placed excessive orders for the goods, which was beyond the capacity of the APMC management to handle it safely. Today, the traders have been asked to implement a staggered system for unloading of the goods at the market, he said.

Grains, oils traders

APMC management sources said that additional facilities for sanitisation and crowd control are also being worked out. Talks are

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