-
Mastercard Left Libra Association Over Regulatory and Viability Concerns, Says CEO
Banga said there were no obvious means for the Libra Association to become profitable or make money from its users. "When you don’t understand how money gets made, it gets made in ways you don’t like," he said.
- Categories
- Finance
-
Press Release: Mexico Digital Bank Stori Raises $10 Million USD and Launches Inclusive Digital Credit Card
Highly concentrated in the super-prime space, the banking industry has underserved the Mexico mass population. Only about 40% of the nearly 130 million population have bank accounts, and less than 15% of consumers have access to bank provided lending. In addition, most banks have not caught up with the digital transformation and are not able to provide a compellingly simple and good customer experience.
- Categories
- Finance
- Region
- Latin America
-
Paymob, Tamweely Team up to Empower Female Entrepreneurs
The #AcceptTheChange campaign will initially aim to empower 250 female merchants (and their female clients) by availing e-payment solutions that will allow the selected entrepreneurs to further benefit from a booming digital economy in Egypt.
- Categories
- Finance, Technology
- Region
- North Africa & Near East
-
Facebook Libra’s Promise of Financial Inclusion ‘Doesn’t Sound Right,’ Says Mastercard CEO
The CEO of Mastercard has revealed why the company pulled out of Facebook’s Libra cryptocurrency project, saying he “doesn’t understand how it works”.
- Categories
- Finance, Technology
-
MTN “Stubbornly Optimistic” Relaunched Mobile Money Will Work In South Africa
Africa's largest mobile operator has relaunched its mobile money in its home country, aiming to provide financial services to 11-million South Africans who currently don't have access to such offerings.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance
-
The Power of Individuals: Why Formal Institutions Aren’t the Only Ones Driving Africa’s Innovation and Fintech Space
There’s a lot of attention on the businesses, NGOs and other institutions reshaping Africa’s fintech ecosystem. But there are equally important efforts underway – conducted not by institutions themselves, but by the individuals working within them – to build bridges between organizations, and create support networks for entrepreneurs and innovators. In this Q&A, Zianah Muddu, General Secretary of the Africa Fintech Network, discusses the pivotal – often overlooked – impact of this work.
- Categories
- Finance
-
Here’s What Kenyans Are Buying Through Mobile Money Service
The report also indicates that mobile money services are the second most popular savings platform after banks, taking up approximately 30% of all savings made in the country.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, savings
-
Press Release: WorldRemit Partners with Wizall Money to Launch its First Mobile Money Transfer Service to Senegal
Using the WorldRemit app, customers in over 50 countries can now send money instantly to over 60,000 Wizall Money mobile accounts in Senegal.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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.