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Almost half of the world’s population still doesn’t use a bank account
The World Bank recently released data on the state of global financial inclusion, and the results are eye-opening.
- Categories
- Finance
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Press release: Vodafone Americas Foundation Reveals Winners of 10th Annual Wireless Innovation Project
$600,000 in total prizes awarded to SMART, cerVIA and ENVIsion Mobile for their promising mobile innovations designed to impact the global community in the fight against disease and financial illiteracy.
- Categories
- Finance, Health Care, Technology
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MTN Uganda Under Fire Over Mobile Money Transaction Reversal
The leaders of the campaign say they are entering a new phase after an elapsed deadline for MTN Uganda to commit to an open, transparent and constructive dialogue on how to put in place measures on mobile money reversals.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Report: Nigeria lagging behind in financial inclusion, mobile money
An International Finance Corporation report says Nigeria is lagging behind its peers in sub-Saharan Africa in terms of financial inclusion and mobile money.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Uganda’s finance minister says mobile money tax may be reviewed
Uganda’s finance minister told journalists on Monday that a new tax on mobile money transactions in the country that was approved by parliament last week, is different from what the cabinet agreed.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: CGAP Launches New Five-Year Strategy
In addressing the CGAP Annual Meeting, CGAP CEO Greta Bull said: "Our new strategy Is centered around helping poor people adapt to the disruptive forces in an increasingly digital world. Poor people know that financial services can help them manage their lives more securely. It is our job to make sure that we make financial services available, affordable and useful so that poor people can capture opportunities and build resilience."
- Categories
- Finance
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Singapore, India to boost fintech collaboration
The two Asian countries, which already have partnered on cross-border payment services, will create a joint working group to explore opportunities for further collaboration in fintech.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech
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Women Fail to Gain Much Ground on Financial Inclusion
While there have been some advances in helping women gain access to financial services, globally, 65% of women have an account compared with 72% of men. The gender gap is similar in developing economies, with 67% of men and 59% of women having an account.
- Categories
- Finance