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Press release: Village Capital, PayPal launch African fintech investment readiness program
Global venture capital (VC) firm Village Capital has collaborated with US payment platform PayPal to launch a three-month investment readiness program, Village Capital Fintech Africa 2018.
- Categories
- Entrepreneurship, Finance, Investing
- Region
- Sub-Saharan Africa
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Making Tech Work: How Local Know-How Can Improve Digital Financial Inclusion Solutions in Challenging Markets
Technology can eliminate inefficiencies, collect valuable information and expand access to critical services. But technological solutions often replace indigenous, ad-hoc approaches which – though they may appear incomplete and messy – reflect the knowledge and relationships of the parties involved. Asa Nyaga at BFA explores how Farmerline, a Ghana-based tech company serving smallholders, aligned the product design of a new app with the ideas and understandings of its target users.
- Categories
- Agriculture, Finance, Technology
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Report: India’s FinTech adoption rate exceeds global averages
According to EY FinTech Adoption Index, India has the second highest FinTech adoption rate among digitally active consumers at 52 percent, only second to China at 69 percent.
- Categories
- Finance
- Region
- South Asia
- Tags
- fintech
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Press release: South African Fintech Startup JUMO Awarded $150 000 Prize by Mastercard Foundation for Client Help
Mastercard said in a press release yesterday that close to 100 financial service companies around the world submitted entries to the competition. An international panel of judges selected three finalists who presented to the audience at the 2017 Symposium on Financial Inclusion in Accra, Ghana.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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How India Is Moving Toward a Digital-First Economy
On November 8, 2016, India’s government did something that no other government had attempted before at the same scale: It decided to remove 86% of the country’s currency notes by value from circulation. Over the months that followed, more than 1 billion people participated in a “reboot” of the country’s financial and monetary system. An active debate has since ensued as to how the transition unfolded.
- Categories
- Finance, Technology
- Region
- South Asia
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Kenya’s political opposition is asking supporters to stop using M-Pesa mobile money
Just as he urged his supporters to quit the vote, Odinga now called on them to cancel their subscriptions with the country’s biggest mobile operator and to not purchase dairy products from Brookside and cooking oils from Bidco.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile money
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Viewpoint: Poor policy slowing Kenya’s ICT sector as neighbors take lead
Today, much of the traction witnessed in the last seven years has slowed to a crawl. Growth in Kenya’s ICT sector has petered out and the country is now struggling to attract fresh technology financing and prove its competitiveness amidst competition from new emerging markets such as Rwanda and Ethiopia. A recent report looking into startup financing in the region found that local e-health startups barely managed to take two per cent of Sh1.9 billion in funding that went to the sector in the last three years.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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The Curious Case of Myanmar: Can the Country Leapfrog to Digital Financial Inclusion?
Fueled by years of repressed demand, cheap Chinese phones, softening regulations and an aggressive push by the country’s mobile network operators, Myanmar leapfrogged from practically zero phones to almost exclusively smartphones. Looking at this stark contrast, a natural question arises – can Myanmar leapfrog from financial exclusion to "digital" financial inclusion, just as it did in telecom?
- Categories
- Finance, Technology
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