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BigPay’s Remittance Service Achieves Record Growth
BigPay’s remittance service has grown at an average of 35 per cent month-on-month since its launch in September 2019 and it now looking to open up more corridors across the Asian region.
- Categories
- Finance, Technology
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Six Fintech Innovations Will Boost Financial Inclusion Levels for MENA’s Unbanked
“Covid-19 has accelerated the already pressing need for services that bring the advantages of financial inclusion to large swathes of the population and by extension national economies,” said Alicia Sornson, manager programmes and partnerships in Mena, at Village Capital. “Regulators and investors are among the best placed to create the conditions that allow innovation to thrive."
- Categories
- Finance
- Region
- North Africa & Near East
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Fintech Adoption: Mobile, Digital, and Contactless Payments Increasingly Being Used in Indonesia Due to COVID-19
The COVID-19 outbreak has created significant socio-economic challenges, which have impacted individuals and businesses across the globe. More people are now spending time at home due to government-enforced nationwide lockdowns.
- Categories
- Coronavirus, Finance
- Region
- South Asia
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Viewpoint: Mobile Money Helps Close Kenya’s Gender Gap in Financial Services
Mobile money has had the biggest impact on closing the gender gap in access to financial services in Kenya, deputy central bank governor Sheila M’Mbijiwe has said.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Renewable Energy Is Electrifying COVID-19 Isolation Centers in Nigeria
The COVID-19 pandemic has upturned our 21st century existence, wreaking havoc on both social and cultural norms and our way of life. It has also crippled the global economy and continues to impact diverse business sectors and industries — travel, transportation, education, and manufacturing.
- Categories
- Coronavirus, Energy, Environment, Finance
- Region
- Sub-Saharan Africa
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Why It’s Time for Africa to Adopt a Regional Digital Financial Identity
Over 1 billion people globally lack any form of officially recognized identification. According to Nkosinathi Ncube at FinMark Trust, this is a significant obstacle to financial inclusion and other development efforts – but overcoming it is no easy task. He explores some of the challenges to expanding access to formal identity in Africa, and explains why an effective solution will require regional action.
- Categories
- Finance, Technology
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COVID-19 Pushes Rural Myanmar Towards Moneylenders
Desperate for cash and low on work, rural households are turning to high-interest loans from informal moneylenders as microfinance companies are forced to cut back on credit.
- Categories
- Coronavirus, Finance
- Region
- Asia Pacific
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Viewpoint: True Decentralization Is Needed for Financial Inclusion and Coronavirus Stimulus
Blockchain technology can reduce the inefficiency and even corruption that accompany centralization. While those who already have access to significant capital can make blockchain investments, it’s important to remember how everyone from small-business owners and workers to underserved communities can benefit.
- Categories
- Coronavirus, Finance
- Tags
- blockchain, cryptocurrency
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