From this morning’s Wall Street Journal, “More Decide to Charge a Taxi Ride” (subscription required): “‘Why do restaurants and businesses accept credit cards when they get charged a fee on it? Because it brings in more business,’ said Michael Woloz, a spokesman and lobbyist for the Metropolitan Taxicab Board of Trade, an association of 35 different
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A recent article in Business Daily Africa cites a report from the African Development Bank (AfDB) attributing recent inflation in Kenya to M-Pesa, Kenya’s mobile money transfer/payment service. As a result of the rise in inflation, the Central bank of Kenya has tightened the flow of money by hiking interest rates. An M-PESA customer can
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Tablets are going mainstream. No longer is the tablet just the toy of the tech savvy and the wealthy. According to a recently released report from the Pew Research Center’s Internet & American Life Project, “Tablet and E-book Reader Ownership Nearly Double Over the Holiday Gift Giving Period,” tablets are getting into the hands of
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The news on Tuesday, February 7 that U.S. consumer borrowing on credit cards rose pretty sharply in December (after a very steep rise in November) elicited some head-scratching on the part of reporters and others who were asked to come up with an instant analysis of the data. On the one hand, spending on credit cards
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U.S. online sales growth is projected to be lower than the growth in developing markets, according to growth rate forecasts from Forrester Research. Countries such as India, China, Brazil, and Mexico are all around 20 percent or higher compared with 10 percent in the United States. Of course, 10 percent growth is pretty good—but 20
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