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To Tax or Not to Tax Mobile Money: The Impact on Digital Financial Services in Africa and Beyond
Mobile money is widely seen as a promising engine for global development. But governments in Africa are also increasingly viewing it as a lucrative source of tax revenue. With critics raising concerns about the impact of taxing mobile money and other digital financial services, Adrienne Lees and Phil Mader at the Institute of Development Studies explore whether existing research can inform any confident predictions about the effects of these taxes on providers, customers and the broader financial inclusion sector.
- Categories
- Finance, Telecommunications
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Rockefeller Foundation’s Zero Gap Fund Announces Investment in Seedstars’ $30 Million Emerging Market Portfolio
Seedstars launched its second emerging market seed stage fund, Seedstars International Ventures II.
- Categories
- Finance, Health Care
- Region
- Sub-Saharan Africa
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Bluejay Raises $2.9 Million to Promote Financial Inclusion in Asia
The decentralized stablecoin protocol aims to create an avenue to develop more stablecoin solutions centered around fiat currencies other than the US dollar.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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XLD Finance Raises $13 Million Pre-Series A Funding Led by Dragonfly Capital and Infinity Ventures Crypto
The funds will be used to enable XLD Finance to scale its product and engineering teams to accelerate its API and product development efforts.
- Categories
- Finance, Technology
- Region
- Global
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Financing Africa’s $100 Billion Annual Infrastructure Gap Just Got Trickier
If Africa wants to leapfrog its infrastructural hurdles, then it must look beyond its own pockets to bridge its huge financing gap.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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M-Pesa Completes Bill Payment Interoperability in Kenya
To boost financial inclusion, Kenya wants to interconnect the various mobile money platforms that are active in the national territory.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Pan-African CAIF Fund Closes at $112.8 Million
Tunisia-based multi-asset investment platform AfricInvest and US-based VC firm Cathay Innovation, have completed the final close of their joint Pan-African venture fund.
- Categories
- Education, Finance, Health Care, Investing, Technology
- Region
- Sub-Saharan Africa
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How Wave Rose to Become Francophone Africa’s First Unicorn
The digital financial company erased the old ways of sending and receiving money and came up with an easier and cheaper method.
- Categories
- Finance, Telecommunications
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