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Analysis: India’s Microfinance Sector Hit As Defaults Surge In Pandemic
Small loan specialists in India that typically cater to people without bank accounts are facing a jump in pandemic-related defaults that could force some of them out of business, industry experts warn.
- Categories
- Coronavirus, Finance, Health Care
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Analysis: A Kenyan Home of One’s Own
A mortgage remains a rare and frightening prospect for most Kenyan families, even many wealthier ones, due to the long-term financial implications it poses
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Analysis: Blockchain Technology Has the Potential to Add $29 Billion to Nigeria’s GDP by 2030
Research by Enhancing Financial Innovation & Access finds that blockchain technology can address barriers to financial inclusion in Nigeria and substantially boost Nigeria’s economy.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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UK Financial Platform Tide Commits $134 Million Investment and More Than 1,000 Jobs in India
Tide that it is entering India as its first international market early next year, and it plans to create 1,000 jobs.
- Categories
- Finance
- Region
- Asia Pacific
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Africa’s Fintech Gold Rush: Why Banks Must Adapt to Survive
These are exciting times in the fintech startup ecosystem in Africa, as direct investment activity is growing at a dizzying pace. But according to Osahon Akpata at Ecobank Group, this influx of capital is also raising challenges for startups and investors – and particularly for traditional banks, which have to adjust to the emergence of these innovative and well-funded new competitors. He discusses the implications of Africa's ongoing fintech revolution for both startups and banks, and explores why partnerships between them can provide a way forward.
- Categories
- Finance, Technology
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Drip Capital Partners SBM Bank India on Trade Finance
Drip Capital, a fintech provider of cross-border trade finance, has partnered SBM Bank India to offer trade financing solutions customized for small and medium-sized exporters in India.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Ecobank Group Integrates Express Cash by Semoa to Accelerate Financial Inclusion in Africa
The Ecobank Group has announced enabling mobile money users in Togo to carry out banking faster and easier, across the West African Economic and Monetary Union through a new digital banking service called ‘Express cash by Semoa’.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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GrEEn Project Partners with Fidelity Bank and Viamo to Improve Access to Financial Services
Fidelity Bank and Viamo are partnering with GrEEn Projects to bring financial innovation to the Ashanti and Western regions.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- financial inclusion, youth