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Telecom companies in Uganda face legal battle on unclaimed Mobile Money balances
Gideon Tugume, the Executive Director of Human Rights Defenders – Uganda dragged the telecoms to court demanding that they submit all unclaimed Mobile Money and Airtime balances to the state. He says the money should be sent to the consolidated fund instead of reverting to the service provider.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Press release: Financial Venture Studio Seeks Next Class of Seed-Stage FinTech Startups
Collectively, FVS partners have invested in and advised many of the fastest-growing and most successful fintech startups of the last decade. The Financial Venture Studio is designed to solve for fintech-specific issues the team has seen over the last several years.
- Categories
- Finance
- Tags
- digital finance, fintech, startups
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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.
- Categories
- 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.”
- Categories
- 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.
- Categories
- 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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