-
Orange Extends Africa Remittance Links
Orange added Morocco and Burkina Faso to the list of mobile money destinations its customers in France can remit funds directly to, a move it stated would cut consumer costs and increase the speed of transactions between the markets.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance
-
Press Release: Worldremit Partners With Onfido to Deliver a Simple, and Faster Verification Process for Customers
WorldRemit has today announced a new partnership with Onfido, the global identity verification and authentication company, to make it easier and quicker for customers to open an account with WorldRemit, to send money abroad.
- Categories
- Finance
- Tags
- data
-
Co-Existence of Cash and Digital – the Key to Financial Inclusion Amidst COVID-19 Pandemic
In these critical times, the Government & Regulatory Bodies like National Payment Corporation (NPCI) of India have urged people to opt for digital or contactless payments. There were two main reasons for this. Firstly, using digital payments would reduce social/physical movement of people and secondly it will minimise any possible risk of spreading virus via cards or ATMs.
- Categories
- Coronavirus, Finance
- Region
- South Asia
- Tags
- digital payments
-
What Is Celo and Could It Succeed Where Libra Won’t?
Celo promises to be a stablecoin to rival Libra. While unlikely to be regarded with the same distrust as Facebook’s much-maligned digital currency, Celo will still have its share of challenges relating to regulation and scale.
- Categories
- Finance, Technology
- Tags
- cryptocurrency
-
Stronger Together: Why MIX and the Center for Financial Inclusion are Joining Forces
Yesterday came news that two key players in financial inclusion are joining forces: MIX, for nearly 20 years the chief data resource for inclusive finance, and the Center for Financial Inclusion, a leading independent think tank housed at Accion. Tillman Bruett at DAI and Greta Bull at CGAP discuss the significance of this merger for the organizations and the sector.
- Categories
- Finance
-
Press Release: Impact of COVID-19 on the Online Payment Methods Market in the Middle East & Africa
According to the report, cash on delivery was the leading payment method preferred by online shoppers in Saudi Arabia, Jordan, Egypt, Morocco, Kenya, and other countries in this region, as of 2019. The COVID-19 outbreak in early 2020, however, is changing this perspective.
- Categories
- Coronavirus, Finance, Technology
- Region
- North Africa & Near East
-
An Unlikely Mobile Money Success Story: How Somalia’s Civil War Laid the Foundation for a Cashless Society
Somalia has been ravaged by civil war, and the repercussions of the conflict continue to this day. Yet out of this violence and economic turmoil, a thriving mobile money ecosystem has emerged. According to Ahmed Muhamud Yuusuf at Hormuud Telecoms, the country has become the world’s first truly cashless economy. He explores the many positive impacts this accomplishment has had.
- Categories
- Finance, Technology, Telecommunications
-
Coronavirus Threatens China’s Belt and Road. What Happens When It Wants Half a Trillion Dollars Back?
The COVID-19 pandemic has unleashed a global recession that threatens the colossal international loan program that is a symbol of China’s growing prestige and a centerpiece of President Xi Jinping’s reign.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
- Tags
- infrastructure