-
Singapore’s CredoLab to Power Digital Financial Inclusion in Sub-Saharan Africa
CredoLab’s alternative credit scoring solution comes at a critical juncture in the region’s focus on financial inclusion.
- Categories
- Finance
- Region
- Asia Pacific
-
Why Payment Fraud is a Critical Threat to Financial Inclusion – And How Mojaloop is Making it Worse
The next key step in financial inclusion is payment interoperability, in which digital finance providers’ networks are connected to enable transactions between users of different systems. But though interoperability has major potential for the sector, it also comes with huge risks, says Clear Purchase founder Nick Brown, an expert in payment infrastructure. He explains why a massive payment fraud attack could do substantial and long-lasting damage to the financial inclusion movement, and how an open-source platform like the Gates Foundation's Mojaloop increases the risk.
- Categories
- Finance, Technology
-
Two Companies Approved To Run South Sudan’s First Mobile Money Platform, m-Gurush
Theventure is a joint partnership between South Sudan’s Trinity Technologies Limited, a local tech firm, and Zain Telcoms South Sudan.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
-
Bank of Ghana Asks Mobile Money Operators to Reduce the High Cost of Services
The Bank of Ghana (BoG) has urged mobile money operators to reduce the cost involved in the transaction of business on the mobile money platform.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Kenyan Betting Firms Say Payment Systems Suspended Following Government Order
Online sports betting companies such as SportPesa have grown rapidly in the East African nation in recent years, riding a wave of enthusiasm for sports to achieve combined revenue of 204 billion shillings ($2 billion) last year.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- public policy, regulations
-
Remitly Raises $220M to Expand From Money Transfers to Financial Services, Now at ~$1B Valuation
CEO and founder Matt Oppenheimer said in an interview that the startup will use the money both to help it continue to keep growing that money transfer business and to catch new opportunities as they appear, in the form of new financial services for the immigrants and migrants that make up the majority of its customer base.
- Categories
- Finance
- Tags
- migrants, remittances, startups
-
Zimbabwe Banned the US Dollar From Being Used so Local Bitcoin Demand Is Soaring Again
Bitcoin is back on the radar in Zimbabwe as the country’s economy continues to struggle.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- cryptocurrency
-
Report: Countries are Broadly Embracing the Opportunities of Fintech to Boost Economic Growth and Inclusion
Financial inclusion is one of the core themes throughout the document. Hundreds of millions of individuals are underbanked or simply unbanked around the world. Fintech can streamline the process in providing fully featured services to these underserved communities.
- Categories
- Finance
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.