Citi, USAID Form Mobile Money Global Partership

[Techtaffy Newsdesk]

The U.S. Agency for International Development (USAID) and Citi have formed a global partnership on “mobile money” technology in developing countries. The announcement was made at USAID’s Frontiers in Development Forum at Georgetown University.

The partnership will expand current USAID efforts in mobile solutions and focus on implementing a set of principles in nine countries, with an initial emphasis on Colombia, Haiti, Indonesia, Kenya and the Philippines.

USAID and Citi will work with governments, donors, industry and other participants in the payments system. USAID expects to continue to support local mobile money platforms with over $23 million, and Citi will integrate its core banking services with mobile money platforms to provide integration between banking and last-mile, mobile-based payments services.

Raj Shah (Administrator, USAID):  The ability to store and transfer money, as well as to make small payments using mobile phones, has the potential to lift millions out of poverty, just as the Green Revolution did in the 1960s.

Of the five billion mobile phone users worldwide, nearly two billion lack access to banking services, instead relying on cash transactions.

Through Citi Transaction Services and Citi Enterprise Payments, Citi is using its payment “pipes” to connect institutional clients to mobile channels worldwide. Through its partnerships with América Móvil and Google, Citi offers consumer-focused digital solutions like Transfer and Google Wallet, which provide customers with mobile wallets and smart phone tap and pay technology.

[Image Courtesy: Citi]

Just in

Reddit hasn’t turned a profit in nearly 20 years, but it just filed to go public anyway — CNN

Reddit — which is not yet profitable — says it seeks to grow its business through advertising, more e-commerce offerings and by licensing its data to other companies to train their artificial intelligence models, writes Clare Duffy and John Towfighi.

Leidos awarded $143M Defense Intelligence Agency technology platform contract

Leidos has obtained a task order contract from the Defense Intelligence Agency's (DIA) Science & Technology Directorate. This contract tasks Leidos with the creation and implementation of a comprehensive system for managing open-source intelligence

Staff say Dell’s return to office mandate is a stealth layoff, especially for women — The Register

The implications of choosing to work remotely, we're told, are: "1) no funding for team onsite meetings, even if a large portion of the team is flying in for the meeting from other Dell locations; 2) no career advancement; 3) no career movements; and 4) remote status will be considered when planning or organization changes – AKA workforce reductions," writes Thomas Claburn. 

Orkes raises $20M

Cupertino, CA-based Orkes, a company focused on the scaling of distributed systems, has raised $20 million.

Motorola Solutions appoints Nicole Anasenes to board

Motorola Solutions announced the appointment of Nicole Anasenes to its board of directors. Ms. Anasenes has over two decades of experience in leadership roles across software and services, market development, acquisitions, and business transformation.