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Press Release: Bancolombia and Terrapay Sign Contract to Strengthen Cross-Border Remittances Across Colombia
As part of their collective commitment to enhance financial inclusion, the two companies will enable seamless cross-border transfers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: British International Investment Partners with Access Bank to Extend US $60 Million Trade Finance Facility Across Africa
Loan facility will help to ensure availability of key commodities across import-dependent economies and aims to stimulate African trade volumes by US$90 million as well as contribute to SDGs 8 and 9.
- Region
- Sub-Saharan Africa
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In Pursuit of a Cashless Africa: Learning from Nigeria’s Struggle to Accelerate its Transition to Digital Finance
The use of cash for payments is dwindling globally, while the electronic payments industry is burgeoning. As Osahon Akpata at Ecobank points out, this growth is also happening in Africa, though cash still remains king. He highlights several factors that are driving both the growth of digital finance and the ongoing usage of cash on the continent, exploring how African countries can accelerate their transition to a cashless economy — and what they can learn from Nigeria's struggles in that area.
- Categories
- Finance, Technology, Telecommunications
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Does Universal Basic Income Really Work? Understanding the Early Findings from the World’s Largest UBI Experiment, and Their Implications for Financial Resilience
While the concept of Universal Basic Income (UBI) as a poverty solution has been widely debated, there has been limited evidence of its effectiveness. But as Tavneet Suri at MIT and Stella Klemperer at Flourish Ventures explain, that's beginning to change. They share early results from a 12-year randomized control trial exploring the long-term impact of UBI on 23,000 people in 195 villages in rural Kenya — the largest and longest UBI experiment to-date. The findings offer compelling evidence of UBI's impact on financial resilience, and can help inform the design of other UBI and cash transfer programs.
- Categories
- Finance
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South African Fintech Startup Stitch Announces $25 Million Series A Extension Round
The funding will be used by Stitch to continue building its end-to-end payments solutions.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- business development, MSMEs, scale
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Kenyan Legislative Committee Calls for Worldcoin Shutdown in the Country
The committee has recommended that the country develops “a comprehensive oversight framework and policies on virtual assets and virtual assets service providers in Kenya.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- cryptocurrency, data, regulations
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Malaysian Fintech Startup MADCash Secures $1 Million in Funding to Empower Women Entrepreneurs
MADCash funds and grows unbanked and underbanked women entrepreneurs, aiming to create an alternative credit scoring to increase their future bankability.
- Categories
- Finance, Investing, Technology
- Region
- South Asia
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Press Release: IFC Grants Loan to Caja Los Héroes to Promote Financial Inclusion in Chile
This new financing seeks to further boost the growth and expansion of Caja Los Héroes' social credit framework.
- Categories
- Finance
- Region
- Latin America
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