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Most Tanzanian Merchants Believe That Digital Retail Payments Will Benefit Their Business. Why Are They Still Using Cash?
A large gap between the use of digital retail payments in high-income countries and low and middle-income countries (LMICs) cannot be completely explained by differences in access to digital financial tools.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Goodwell Launches €150 Million uMunthu II Fund to Ignite Inclusive Business Growth in Africa
Today, Goodwell Investments B.V. launched their most ambitious institutional investment fund yet, uMunthu II.
- Region
- Sub-Saharan Africa
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Press Release: Tigo Money, Millicom’s Fintech business, and Visa Collaborate to Boost Financial Inclusion Across Latin America
Through this partnership, Visa and Tigo Money seek to expand access to digital payment channels, democratize financial services, and transform the payment journey for millions of consumers.
- Categories
- Finance, Technology
- Region
- Latin America
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The Power of Trust in Digital Finance: How to Leverage Trusted Technology to Maximize Inclusion and Impact
Trust can be a significant barrier to engagement in digital financial services among low-income users. According to William Derban at Opportunity International, that means providers must often take measures to address this trust deficit when developing digital services that target these customers — particularly women. He discusses Opportunity International's new Trusted Tech Microfinance Initiative, and shares six ways the initiative is working to build clients’ trust in the technologies Opportunity and its microfinance partners are using.
- Categories
- Finance, Technology, Telecommunications
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Financial Inclusion: African Development Bank Group To Channel $150 Million To SMEs In Africa
The African Development Bank Group has said it will channel $150 million in funding to Small and Medium Enterprises through Financial institutions across Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, MSMEs
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Findings From Findex: Mobile Money Is Driving Financial Inclusion for Women, but More Work Needs to Be Done
Mobile money continues to be a driving force, transforming the financial inclusion landscape in low- and middle-income countries (LMICs).
- Categories
- Finance, Technology
- Region
- Global
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Yulu Secures US $9 Million in Financing from US International Development Finance Corp
According to the company, 75 million+ green deliveries have been made using Yulu EVs till date, and the company has helped save 15000 metric tons of CO2 emissions.
- Categories
- Finance, Technology, Transportation
- Region
- Asia Pacific
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Quona Capital Announces $332 Million Fintech Venture Fund to Accelerate Financial Inclusion Investments in Emerging Markets
Quona’s Fund III had its final close at $332 million, exceeding initial target of $250 million, as the firm continues to invest in Latin America, India, Southeast Asia, Africa and MENA.
- Categories
- Finance, Technology
- Region
- Global