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Press Release: Thunes Raises $60 Million in Series B Funding To Accelerate Global Growth
Helios Investment Partners leads Series B financing round, as cross-border payments volume in emerging markets is expected to grow to US$45 trillion.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Symbiotics Launches USD 6.75 Million (INR 506,250,000) Social Bond with Samunnati Financial Intermediation and Services Private Limited in India
Symbiotics has arranged a Social Bond, raising USD 6.75 million in local currency (INR 506,250,000) for Samunnati Financial Intermediation & Services Private Limited, a non-banking financial company in India.
- Categories
- Agriculture, Finance, Investing
- Region
- South Asia
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Kenya’s PesaKit Launches App-Based Platform for Mobile Money Agents in Kenya
PesaKit has announced the public launch of its app-based platform for mobile money agents, available on Android.
- Categories
- Finance, Technology
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Necessity Is the Mother of Disruption: How Indonesia’s Fintech Startups Can Survive the Do-Or-Die Situation of COVID-19
Indonesia is a silent giant in the startup ecosystem, with over 2,200 startups nationwide – many in the fintech sector. However, with the onset of COVID-19, this progress is at risk of dissipating. Anshul Saxena and Sheila Teta Carina at MicroSave Consulting recommend several measures that can help sustain fintech startups' momentum during the pandemic.
- Categories
- Coronavirus, Finance, Technology
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Reserve Bank of Zimbabwe Reins in Mobile Money Companies
The Reserve Bank of Zimbabwe (RBZ) Governor, Dr John Mangudya has ordered mobile money companies to immediately stop registering multiple individual wallets which are being used as conduits for bypassing regulatory transaction limits by illicit money dealers in its latest mid-term monetary policy statement released today.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Asian Development Bank Supports Philippines Financial Inclusion Reforms With $300 Million Loan
ADB’s Inclusive Finance Development Program, Subprogram 2, is supporting reforms to help the government reach targets linked to the National Strategy for Financial Inclusion.
- Categories
- Finance
- Region
- South Asia
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Giving and Receiving: Understanding the Financial Flows Between Young People and Their Parents
Young people in many emerging markets tend to live in their parents’ homes until their mid-20s, leading to a complex, dynamic interplay of financial support between generations that's particularly relevant during COVID-19. Guy Stuart at Microfinance Opportunities discusses the results of a study exploring the implications of this support for financial service providers and financial inclusion in Morocco, Nigeria and Senegal.
- Categories
- Coronavirus, Finance
- Tags
- COVID-19, financial inclusion, research, youth
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Mobile Money Loans Eating Into Banks’ Lending – Report
Despite partnering with telecoms, banks continue to fill the impact of mobile money as it eats into their asset quality and profits.
- Categories
- Finance