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Venezuelans Use Cryptocurrency to Bypass Corruption, Inflation
Aid providers say digital currencies are becoming an important route to bypassing corruption or repressive regimes.
- Categories
- Finance
- Region
- Latin America
- Tags
- cryptocurrency
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Zimbabwe’s EcoCash Woes Show Dangers of Early Reliance on Mobile Money
The growth of EcoCash was driven by its ability to extend financial inclusion by drawing in previously unbanked customers. But recurrent power blackouts and food shortages in the context of a currency crisis are now showing the fragility of that model.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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India Post Payments Bank Rolls out Aadhaar-Enabled Payment Services
With AePS services, any person with a bank account linked to Aadhaar can perform basic banking services such as cash withdrawals and balance enquiry irrespective of the bank they hold their account with.
- Categories
- Finance
- Region
- South Asia
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Press Release: Mayada El-Zoghbi Is the New Managing Director of the Center for Financial Inclusion at Accion
"For more than a decade, CFI has played an important role, challenging and engaging the financial services industry to better serve, protect, and empower people around the world. I am pleased that Mayada El-Zoghbi has accepted to join as the new managing director. Her extensive experience in research and advocacy position her as the right leader to build on CFI's strong foundation of innovative, industry-shaping work," said Accion CEO and President Michael Schlein.
- Categories
- Finance
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Rwanda Is the Latest African Country Considering a National Digital Currency to Boost Financial Inclusion
Rwanda is the second African country to show an interest in a digital currency this year. Earlier in 2019, South Africa’s central bank announced that it was doing a feasibility project.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Nigeria’s Banks Stand to Gain More From Mobile Money Than MTN
MTN Nigeria, which runs the country’s biggest mobile phone network, won a license from the country’s central bank in July to provide financial services. But replicating the success of MTN’s mobile money offer in east Africa will be a big ask.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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Press Release: Steward Bank and Youtap Launch Mobile Money Services in Zimbabwe
The new service provided by Steward bank will allow customers to use e-money to pay at the point of sale and for selected transport services.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Malawi Post Corporation to Launch Mobile Money Service
Malawi Post Corporation (MPC) plans to launch its mobile money service Zaphweka (ZapCash) before the end of the year.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech