-
When Digital Payment Goes Viral: Lessons from COVID-19’s Impact on Mobile Money in Rwanda
Cash can help spread COVID-19, so some African countries have ramped up efforts to expand digital payments to fight the virus. According to Isabelle Carboni and Hennie Bester at Cenfri, this imperative to digitize is one of the key opportunities to emerge from the pandemic. They explore the early experiences of Rwanda, in assessing the impact these efforts can have.
- Categories
- Coronavirus, Finance
-
Viewpoint: How Emerging Fintech Can Help Latin America Deal With the Challenges of COVID-19
Currently, there are 703 fintech startups operating in Latin America, with more than 50 percent being launched in the last six years. Still, more can be done to expand this burgeoning market, with endless socioeconomic benefits.
- Categories
- Coronavirus, Finance, Technology
- Region
- Latin America
-
Formal Insurance for Informal Labor: How Microinsurance Can Cover Young Workers in the Gig Economy
The gig economy is a growing source of employment for youth in emerging markets. But these workers often face a lack of social benefits, including access to insurance – and this vulnerability has been highlighted by the COVID-19 pandemic. Analysts at MSC discuss some innovative ways insurers can extend some of the formal economy's protections to these informal workers.
- Categories
- Finance
-
How Mastercard’s CEO is Working Toward Financial Inclusion During the Pandemic
“I believe that digitization is a mechanism to deliver inclusive growth,” he said, “but digitization is also the vehicle for those who are left out to feel even further left out.”
- Categories
- Coronavirus, Finance
-
Emerging Markets-Focused Microfinance Holding Firm Gojo Raises $22M
The latest investment follows Gojo’s $40 million Series C round announced in October 2019. The company expects to announce the final close of its Series D round by July.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- microfinance
-
Protecting Microfinance Institutions and Clients in COVID-19 Crisis
Cordaid Investment Management and a group of other microfinance lenders and key players in inclusive finance worked on a set of principles to better support the microfinance sector in the health and economic crisis caused by the Covid-19.
- Categories
- Coronavirus, Finance
-
Bandhan Bank Shares Have Gained 54% Since Lockdown Started — But the Numbers Will Reveal the Real Damage to Rural India From COVID-19
As one of India's largest microfinance institutions, its balance sheet will reflect the true state of affairs in rural areas.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
- Tags
- microfinance
-
Study Examines India’s Policies for Financial Inclusion of the Unbanked
With about 190 million unbanked adults, India is second only to China among developing countries in the number of residents who don't have bank accounts or participate in the formal financial sector, according to World Bank.
- Categories
- Finance
- Region
- South Asia
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.