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Adapting to Survive: New Study Reveals the Importance of Digital Payments to Small and Micro Businesses in Mexico
An estimated 95% of businesses around the world are micro, small and medium enterprises, and they've been hit particularly hard by the COVID-19 crisis. Devin Olmack and Ashley Speyer at 60 Decibels discuss a new study of 750+ small and micro businesses owners in Mexico, which illustrates how digital payments can help these businesses grow and weather unpredictable storms like the pandemic. They share personal stories of small business owners who have benefited from digital payment systems, and detail some remaining obstacles and opportunities for growth.
- Categories
- Coronavirus, Finance
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Tala and Visa Partnership Seeks to Ignite Stablecoin Use in Emerging Markets
Call it an ignition play for cryptocurrency — specifically, making crypto spendable, not just a store of value — across borders with the unbanked populations of the world, billions of consumers among them, as the match.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- cryptocurrency
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Analysis: Future Returns: Why TPG’s Rise Fund Invests in Financial Inclusion
One of the key themes for private-equity firm TPG’s impact-investing vehicle, the Rise Fund, is financial inclusion—which the firm bets is best addressed through technology.
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Press Release: 2021 FinHealth Spend Report Shows Financially Coping and Vulnerable Households Spent $255 Billion for Everyday Financial Services
Struggling households shoulder greater burden of fees and interest, highlighting the need for innovative solutions that reduce economic pressures
- Categories
- Finance
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Southern Africa Taps $380 Million in World Bank Financing to Facilitate Regional Trade and Investment for More Inclusive Growth
The new Southern Africa Trade and Connectivity Project (SATCP) will benefit both countries and local communities through investments.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Nigeria-Based Lending Platform FairMoney Pursuing Emerging Markets Strategy With India Launch
Nigeria-based credit-led neobank FairMoney, which aims to give underbanked people access to digital financial services, is pursuing an emerging markets strategy and recently launched in India.
- Categories
- Finance
- Region
- Asia Pacific
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Mobile Money Finally Comes to Ethiopia
Ethio Telecom, the – for now – monopoly telecommunications provider in Ethiopia, has announced the roll-out of a mobile money service.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Pyypl and Visa Form Partnership to Boost Financial Inclusion Across Emerging Markets
Pyypl, the Middle East and Africa based payment technology company and financial services provider announces a new strategic partnership with Visa - the world leader in digital payments.
- Categories
- Finance, Technology