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Facebook’s WhatsApp to Partner with More Indian Banks in Financial Inclusion Push
“We now want to open up with more banks over this coming year to help simplify and expand banking services, especially to the rural and lower-income segments,” Abhijit Bose, WhatsApp’s India head told a fin-tech summit via a webcast.
- Categories
- Finance
- Region
- South Asia
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Ghana Mobile Money Interoperability Transactions Rise 400 Percent in Six Months
The huge jump in the MMI volume could be attributed to increased awareness that funds can now be transferred across wallets of different telecommunications networks.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: DFC Aims to Finance $1 Billion of Private Sector Investment in Honduras
“DFC is proud to support the Honduran people during this time of need around the world,” said Boehler. “We appreciate the Government of Honduras’s commitment to improve the business climate to facilitate investment and look forward to advancing our common goals through collaboration with the private sector. Public-private partnerships are fundamental to the strength of Honduras as a country and to the goals of América Crece.”
- Categories
- Finance
- Region
- Latin America
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Microfinance Loans Could Spell Disaster in the Time of Coronavirus
Such loans have undoubtedly helped many people. Yet the capacity of microfinance to "make poverty history" has been repeatedly called into question by researchers.
- Categories
- Coronavirus, Finance
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Zimbabwe Is Squeezing Its Top Mobile Money Platform for Users’ Data as It Clamps Down on the Media
The government has been at odds with the EcoCash for several months as its currency crisis and economic woes have spiraled out of its control. Last month Zimbabwe’s central bank slammed EcoCash for running, what it called, a Ponzi scheme.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: Western Union Expands With TrueMoney in the Philippines
Five thousand TrueMoney locations across the Philippines to provide Western Union Money Transfer Services
- Categories
- Finance
- Region
- South Asia
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Avoiding the Downside of Instapay: Five Behavioral Science-Based Principles to Make Paycheck-on-Demand Benefit Low-Income Users
There are numerous apps and employers that allow employees to cash out their paychecks on demand, rather than waiting until their usual payday. But while this may seem like a dream come true for people who need quick cash to deal with financial distress, "instapay" also comes with tradeoffs. Analysts at Common Cents Lab discuss these downsides – and some behavioral science-based solutions.
- Categories
- Coronavirus, Finance, Technology
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Analysis: Will Coronavirus Pandemic Finally Push Emerging Economies Into Crisis?
As a result of the COVID-19 pandemic, emerging economies are suffering from an unprecedented slowdown in investment, trade and tourism. Economists fear that many countries will go off the rails.
- Categories
- Coronavirus, Finance
- Tags
- philanthropy
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