(CNN) — Snapchat may be the latest application with a new mobile payment feature launched this week, but the idea that made Snapcash possible was spawned more than seven years ago in Africa. Continue reading Africa’s mobile money makes its way to Europe with M-Pesa
Tag Archives: Business
Gail Kelly exits Westpac
Westpac chief executive Gail Kelly is stepping down after eight years at the helm, to be replaced by the bank’s head of wealth.
Alibaba’s Singles’ Day sales near $7bn
China’s online retail giant Alibaba says it has seen nearly $7bn (£4.4bn) of sales so far from its annual ‘Singles’ Day’ shopping event.
Seventeen hours in, the firm said sales had already hit $6.96bn, with industry analysts predicting that sales could surpass $8bn this year.
Last year, Alibaba recorded sales of $5.75bn and shipped more than 150 million packages.