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Amazon, Western Union debut PayCode to sell goods in emerging markets and let shoppers pay in cash
Amazon has partnered with Western Union to set up a service called PayCode, which lets people shop and pay for Amazon items using local currencies that would not have been accepted on the site before, starting with services in 10 countries.
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- Finance
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Press release: CFSI & AARP Foundation Survey: Today’s Low- to Moderate-Income Adults Over 50 Face Difficult Financial Challenges
“For too many low-income older adults, the later years are a source of stress instead of something to look forward to,” said Lisa Marsh Ryerson, president of AARP Foundation. “AARP Foundation works across sectors to develop new, sustainable solutions so vulnerable older adults can achieve a more financially stable future.”
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- Finance
- Region
- North America
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Viewpoint: India’s fintech future looks bright, but it needs to find its raison d’être
Last year alone, venture capital investments into Chinese fintechs were more than 10 times larger than those in India, with 75 percent more deals.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital finance, fintech
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Press release: MetLife Foundation and Visa Launch “Inclusive Fintech 50” to Elevate Early-Stage Fintechs Addressing Financial Inclusion
The "Inclusive Fintech 50" will culminate in a list of the most impactful, emerging fintechs that demonstrate the power of financial technology to expand access, usage and quality of financial services in advanced and emerging markets.
- Categories
- Finance
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India’s Business Correspondent Model is Revolutionary – and It’s Failing: Here’s How to Turn Things Around
For years, India's banking system struggled to reach poor, rural populations. But the global revolution in digital payments has created new opportunities to connect these households with formal finance. One such approach – the business correspondent model – has shown promise, bringing a network of tech-enabled banking agents into underserved communities. But as Moin Qazi explains, the model is facing challenges that are undermining its considerable potential. He explores some key solutions for changing this dynamic.
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- Finance
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CGAP 13th Annual Photo and Video Contest Winners Capture Resilience and Hope in Africa
In his thought-provoking image, Hesham Fathy shows a young Sudanese woman looking pensively into the horizon as she leans against a fence, which could either trap her or free her. Despite the poverty of the surrounding landscape, she holds a smartphone, giving her access to a world beyond her own.
- Categories
- Finance
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Uganda Calls on Mobile Money to Cultivate New Debt Investors
Ugandans with mobile money accounts, many of whom had limited access to banks, will now be able to directly buy government debt. The move follows a similar move by Kenya in 2017 and will also open the market up to Uganda’s Diaspora.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Visa launches Fintech Fast-track Program in Africa and other regions
Already rolled out in Europe, Latin America and Asia Pacific, the program provides innovative fintechs with a faster and easier integration process with VisaNet, Visa’s global network, in addition to a suite of tailored digital solutions and growth capabilities.
- Categories
- Finance