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How Coronavirus Is Impacting Digital Payments in Emerging Markets
Digital payments have been growing rapidly in emerging markets over the last ten years or so, since the establishment of MPESA in Kenya in 2007, writes Pavel Matveev, CEO of Wirex. MPESA relies on 120,000 retail agents who take in and dispense cash to users around the country, and in 2017, MPESA processed 1.7 billion payments […]
- Categories
- Coronavirus, Finance, Technology
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Do Cash Payments Have a Bright Future After COVID-19 in Emerging Markets?
Pandemic has undoubtedly accelerated uptake of alternative payment methods and helped normalise their usage
- Categories
- Coronavirus, Finance
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One of Africa’s Smallest Economies Is Plugging Social Welfare Gaps With Digital Cash Transfers
The biggest fear for African countries as the Covid-19 pandemic loomed was the potential shock to under-equipped healthcare systems.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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Press Release: GIIN’s Annual Impact Investor Survey Finds Maturing Market and Positive Outlook for Future of Impact Investing Despite Headwinds
The Global Impact Investing Network (GIIN) published today the 10th edition of its Annual Impact Investor Survey, which finds the USD $715 billion global impact investing market maturing, even amid the worldwide pandemic. This year’s survey, the most comprehensive overview of the market, provides data and insights from the GIIN’s largest number of respondents ever.
- Categories
- Coronavirus, Investing
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Press Release: Five Foundations Commit $1.7+ Billion to Nonprofit Organizations in Wake of Pandemic
The Doris Duke Charitable Foundation, Ford Foundation, W.K. Kellogg Foundation, the John D. & Catherine T. MacArthur Foundation, and the Andrew W. Mellon Foundation announced a joint commitment to increase their payouts to nonprofit organizations with more than $1.7 billion within the next three years to help stabilize and sustain a nonprofit sector facing devastating economic effects due to the global pandemic and the epidemic of social injustice.
- Categories
- Coronavirus, Finance
- Region
- North America
- Tags
- nonprofits, philanthropy
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Viewpoint: 4 Ways Digitisation Can Unlock Africa’s Recovery
The full human cost of COVID-19 in Africa is not yet known, but it is likely to be significant. Importantly, for many Africans, the longer-term socio-economic consequences of the pandemic is likely to be just as material as the health impact of the virus itself.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
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Viewpoint: How Socially-Led Innovation Can Bring Positive Change in Unchartered Times
There's an old and somewhat overused saying attributed to Winston Churchill that is nevertheless appropriate in these uncertain times: never let a good crisis go to waste. A global pandemic certainly qualifies as a crisis, but what good can we generate from this exceptional challenge?
- Categories
- Coronavirus
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Street Snacks to Sanitiser: The Afghan Women Fighting Coronavirus in Kabul
When lockdown closed their businesses, food sellers adapted their carts into mini disinfection units to tackle the outbreak
- Categories
- Coronavirus