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Mexican central bank in talks with Amazon about new mobile payments
The payment system, known as CoDi, is being built by central bank Banco de México, known as Banxico. CoDi will allow customers to make payments online and in person through smartphones free of charge using QR codes.
- Categories
- Finance, Technology
- Region
- Latin America
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Nigeria, others to push mobile money accounts to 110 million by 2024, says GSMA
“The mobile money industry is fast-evolving against a backdrop of increasing internet access and smartphone adoption, and now more than ever, mobile’s unparalleled global scale provides a tremendous opportunity to reach the 1.7 billion people who remain financially excluded, said Mats Granryd, Director General, GSMA.”
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Pakistan’s financial inclusion strategy to create 3 million jobs in five years, says finance minister
The government is fully committed to improving the livelihood of Pakistanis through job creation, promoting entrepreneurship and enhancing access to formal financial services in an efficient and affordable manner, emphasised Finance Minister Asad Umar.
- Categories
- Finance
- Region
- South Asia
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Mexico Ruling Party Says Deal Struck With Banks on Fee Bill
The new version of the bill removes across-the-board prohibitions from the original legislation, but requires banks to offer zero-fee accounts to low income clients, Monreal’s aide Juan Garay said.
- Categories
- Finance
- Region
- Latin America
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European Microfinance Award 2019 Focuses on How Financial Inclusion Sector can Strengthen Resilience to Climate Change
The European Microfinance Award 2019 seeks to highlight organisations active in the financial inclusion sector that provide financial and non-financial products and services aimed at strengthening the resilience of vulnerable communities to the effects of Climate Change.
- Categories
- Finance
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Regarding Facebook’s cryptocurrency
This is not Facebook’s first venture into virtual currencies, payments, or peer-to-peer payments via messenger app.
- Categories
- Finance, Technology
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Viewpoint: The Modi Years: Have banking services become more accessible for Indians?
The Jan Dhan Yojana led to an increase in the number of bank accounts. But credit facilities have not expanded.
- Categories
- Finance
- Region
- South Asia
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Press release: VisionFund International’s Women’s Empowerment Fund Commits 2019 Funding to Armenia, Myanmar, Sri Lanka, Uganda and Vietnam
Ahead of International Women’s Day on 8 March, VisionFund International (VisionFund), the microfinance arm of children’s charity World Vision, has pledged over $1.2 million in funding to support over 32,000 women in 2019 in Armenia, Myanmar, Sri Lanka, Uganda, and Vietnam from its Women’s Empowerment Fund, a fund established to empower women’s ability to improve their livelihoods and benefit their children.
- Source
- Press release
- Categories
- Finance