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Perspective: Financial inclusion can leapfrog with blockchain technology
Positioned from the outset as an alternative to traditional banking mechanisms, Blockchain raised the possibility of a revolution in the world of financial technology, and the way money was controlled. Nine years on, we see different economies and industries across the globe still trying to understand and adopt the technology.
- Categories
- Finance
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Econet Wireless, Untu Capital partner to launch mobile money bond platform in Zimbabwe
Zimbabwe's Econet Wireless, touted by analysts as best placed to develop mobile money offerings alongside Safaricom, has opened a mobile money bond purchase platform in partnership with Untu Capital to raise US$1 million in support of local start-ups - specifically to address the low level of funding in this space.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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India’s central bank wants to put a leash on the booming fintech sector
“Bringing fintech under the regulatory ambit should provide a level playing field and encourage financial innovations. In this context, the Reserve Bank (of India, RBI) is working on framing an appropriate response to the regulatory challenges posed by developments in fintech in India,” the central bank said in its Trend And Progress Of Banking In India report, released in December.
- Categories
- Finance
- Region
- South Asia
- Tags
- cryptocurrency, fintech, regulations
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Press release: Acumen America Makes Its First Financial Inclusion Investment Under New Partnership With Metlife Foundation
Acumen, the nonprofit global venture fund, today announced its first financial inclusion investment under its Acumen America portfolio. Launched in 2016, Acumen America invests in social enterprises addressing the problems of poverty in the United States with a focus on the sectors of health care, workforce development and financial inclusion.
- Region
- North America
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Opinion: What the debate about Safaricom dominance is really about
That Safaricom is dominant in the voice, data and mobile money markets is not really debatable. What is debatable is what the regulator plans to do about it.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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This New Blockchain Protocol Wants To Create Accountability For Social Impact
The Ixo Foundation’s “proof of impact” protocol wants to give investors knowledge that their money is working–and save organizations time and money in evaluating if their programs are working.
- Tags
- blockchain, ESG, impact investing
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Kenya ops slam regulator for failing to curb Safaricom
Safaricom’s rival operators hit out at the Communications Authority of Kenya (CA) for failing to deal with the market leader’s dominance, after it removed controversial recommendations to split the company from a competition report.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, regulations
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Press release: Insurers Leverage New Technologies and Reinvent Business Models to Reach Underserved Consumers, Report Finds
The Center for Financial Inclusion at Accion (CFI) and the Institute of International Finance (IIF), with the support of MetLife Foundation, today released a new report detailing the factors spurring inclusive insurance around the world. It reveals how both traditional and new insurers are breaking open new markets and reaching underserved customers through the use of innovative technologies, business models, product design, and partnerships, enabled by effective regulatory environments.
- Categories
- Finance