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A nearly cashless Zimbabwe tests the limits of mobile money
Currency depends on trust and confidence. Years of economic crises in Zimbabwe have left all three in short supply, spurring a boom in “mobile money” – an industry that is revolutionizing banking in Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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M-Pesa puts Safaricom on Fortune’s ‘Change the World’ firms listing
The American multinational business magazine says the mobile money transfer service Safaricom and Vodafone launched in 2007 now claims more than 30 million customers in 10 countries, mostly in remote areas far from banks.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Viewpoint: Impact of digitisation: The new rural reality
Rural India contributes a substantial part of the total net value added in many sectors, with an overall 46% contribution to Indian national income.
- Categories
- Finance, Technology
- Region
- South Asia
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Regulatory Sandbox: What it Could Mean for Kenya
This comes at a time when the country is experiencing a growth in mobile lending, cryptocurrency use, and recommendations to apply blockchain technology in various sectors.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Chinese e-commerce giant to begin services in Pakistan this year
At the moment, Ant Financial is undergoing an approval process from the State Bank of Pakistan and the Competition Commission of Pakistan.
- Categories
- Finance, Telecommunications
- Region
- South Asia
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Uber enables mobile money payments for partner drivers in Ghana
The feature will enable mobile money payments for partner drivers in Ghana. The taxi-hailing platform said it will not remove other payment methods.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Banking on the Unbanked: Assessing True ‘Creditworthiness’
The combination of advanced fintech with off-grid solar solutions has been a winning combo for Colibrí, a social enterprise devoted to promoting energy access in rural Nicaragua. Its Fácil-Pago technology, powered by Angaza Design, has succeeded partly thanks to the business' approach to an often-difficult financial task: responsibly assessing the credit-worthiness of unbanked customers. Morgan Babbs, Colibrí founder and CEO, explains why the approach to calculating credit-worthiness has resulted in exceeding low default rates among other advantages.
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Cambodia Establishes New Fintech Association
“We aspire to build Cambodia into the leading Indochine country for Fintech Innovation and Investment in the region. We target to achieve this by collaborating with stakeholders to create the best possible regulatory environment, and by fostering an ecosystem of supportive partners and networks so Fintech companies can thrive and grow in Cambodia.”
- Categories
- Finance
- Region
- Asia Pacific
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