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Slow but Steady Growth of Sukuk in Africa
Sukuk, the Islamic finance debt instrument worth around $800bn globally, is becoming part of some African countries’ finance-raising landscape. However, despite enormous benefits, especially in infrastructure finance, the pace has been relatively slow. Mushtak Parker explains why.
- Categories
- Investing
- Region
- Sub-Saharan Africa
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Brazil’s Pix Payments Are Killing Cash. Are Credit Cards Next?
In three years, Brazil's hugely popular Pix payment system has become the country's favorite way to pay, replacing cash and wire transfers in many cases and now threatening the dominance of credit cards in the booming e-commerce sector.
- Categories
- Finance, Technology
- Region
- Latin America
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Access Holdings Collaborates With Safaricom and M-Pesa to Facilitate Remittances Between East And West Africa
Access Holdings, led by Aigboje Aig-Imoukhuede, is pushing for the biggest share of the remittance market in East and West Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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M-PESA Safaricom, Onafriq Partner for Streamlined Remittances to Ethiopia
Through the agreement, individuals within Ethiopia can receive remittances from different parts of the world through M-PESA.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Visa and ACCOSCA to Boost Access to Financial Services in Kenya and Tanzania
The FIKT project will provide innovative and affordable financial products and services to the targeted demographics.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: Vice President Harris Announces Public-Private Partnership Has Generated More Than $5.2 Billion in Private Sector Commitments for Northern Central America
More than $1 billion in new commitments announced today will create economic opportunity and help address the root causes of migration in Guatemala, El Salvador, and Honduras.
- Categories
- Investing, Social Enterprise
- Region
- Latin America
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Leatherback Partners with YES BANK to Improve Remittances and Payouts in India
Leatherback claims to be the first Africa-focused fintech company to offer INR remittance payouts.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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From Proxy IDs to Autonomous Payments: Why the Future of Financial Services is Hyper-Efficiency
Despite the rise of digital banking and other technological advancements, financial services are still plagued by significant inefficiencies. Author and serial entrepreneur Arunjay Katakam explores the causes and consequences of these inefficiencies — including their impact on lower-income customers — and discusses some emerging innovations that are addressing them. He explains why the sector's growing efforts to streamline back-end processes, reduce transaction costs and enhance operational efficiency will be pivotal in shaping the future of financial services.
- Categories
- Finance, Technology