FinTech news in smartphones category

Separately, the web3-focused phone will allow content creators and platforms to enable digital ownership rights to both organizations and users – opposed to handing over the 30% tax Apple and Google have for in app sales. If there’s a web3 distribution channel for mobile crypto developers, it can open up opportunities for them to build experiences outside of the laptop-centric digital asset ecosystem, Yakovenko said. So neither Google nor Apple want to really take on web3 because true digital asset ownership disrupts their business models, Yakovenko said. The idea of true digital ownership means the digital items have to be treated like physical ones, and this isn’t something Apple or Google are built around, Yakovenko said.

The fintech, recently selected to participate in the Mastercard Start Path Global program for seed, Series A and later-stage startups, also wants to introduce new products to enhance its existing consumer banking, agency banking and merchant payment solutions and expand into African countries that fintechs from Nigeria rarely move to: Angola and Liberia. According to Berry, NowNow wants to set itself apart from the competition with the development of NFC-enabled tech that will allow tap-in functionality within its ecosystem of products, where users can use virtual or physical cards against an NFC-enabled phone or POS and tap from wallet to wallet using two phones. NowNow claims to have built an end-to-end ecosystem of financial products catering to agents, individual consumers and small businesses. When CEO Sahir Berry and his co-founder Mahesh Nair founded NowNow in 2016, they wanted to provide solutions to financial inclusion and job creation, two of the most significant pain points they thought were facing Nigeria and the rest of the continent.