-
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
-
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
-
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
-
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
-
Press Release: MIX’s 2020 Inclusive Fintech 50 Application Period Announced
The application period for the 2020 Inclusive Fintech 50 opens on June 15. The initiative elevates promising early-stage fintechs driving financial inclusion and resilience around the globe through a competitive process led by an independent panel of judges from venture capital, technology, and financial services.
- Categories
- Finance
-
How Can We Protect the World’s Poor From Coronavirus and Its Economic Effects?
G20 leaders urgently need to reconvene to agree on an enhanced and more strongly coordinated global response to the COVID-19 crisis. Although lockdowns are being eased in many places, the daily number of new COVID-19 cases worldwide recently reached its highest level yet, while the pandemic’s devastating economic toll continues to mount as new epicenters arise in the emerging and developing world.
- Categories
- Coronavirus, Finance
-
Preventing an Emerging-Market Meltdown
Emerging markets today account for more than two-fifths of global GDP measured at market exchange rates, and nearly three-fifths after adjusting for differences in purchasing power. If these economies crash, then rich-country citizens will also be the victims of an economic catastrophe long foretold and clearly avoidable.
- Categories
- Coronavirus, Finance
- Region
- Europe & Eurasia
-
Designing for Women: How COVID-19 Could Allow Government Payment Programs to Boost Women’s Economic Empowerment
Governments around the world are deploying government-to-person programs to address the economic crisis caused by COVID-19. But as Amanda Schwartz at IDEO.org points out, unless these programs are designed around women’s unique needs, they could exacerbate gender inequality and financial exclusion. She explores how a gender inclusive approach could "make the single biggest push for women’s economic empowerment that the world has ever seen."
- Categories
- Coronavirus, Finance
Subscribe to Our 'Business in Global Development' Newsletter!
Our new weekly LinkedIn newsletter features NextBillion's latest original articles, along with curated news, jobs, bizdev opportunities and events from our recent coverage of impact-focused business in emerging markets.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.