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COVID-19 Is Showing Small Businesses the Benefits of Digital Financial Services: Here Are Three Ways Providers Can Use Data to Better Serve Them
Digital access to financial services has been growing in recent years, but COVID-19 has made it all the more necessary. BancoSol, a commercial bank serving 1.5 million Bolivian microentrepreneurs, saw its digital transactions rising over the last year and wanted to extend this trend beyond the pandemic — but it wasn't sure how. Kathleen Yaworsky at Accion and Aaron Lewin at Mastercard discuss how their organizations are supporting BancoSol through data-driven insights, and share three steps microfinance institutions can take to better serve the needs of their micro and small business customers.
- Categories
- Coronavirus, Finance
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Press Release: FSS and NIPL Partner to Expand UPI Global Footprint
FSS (Financial Software and Systems), a globally leading provider of integrated payment products and India’s largest payments processor, and NPCI International Payments Ltd (NIPL, International arm of National Payment Corporation of India), have signed a strategic partnership to expand UPI (Unified Payment Interface) rails in international markets.
- Categories
- Finance
- Region
- Asia Pacific
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Analysis: COVID-19 Shows Need to Close Financial Inclusion Gender Gap
In many parts of the world, women have had less access to financial services than men for years. The COVID-19 pandemic has exacerbated the challenge.
- Categories
- Coronavirus, Finance, Health Care
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Tribal Credit, Which Provides Credit Cards to Startups in Emerging Markets, Raises $34.3 Million
The B2B payments space has seen an explosion in demand, and investor interest, in the wake of the COVID-19 pandemic as businesses try to figure out how to pay each other digitally. The challenges become even more complex when dealing with cross-border payments.
- Categories
- Finance
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Uploan Secures US $15 Million From Lendable to Expand Its Payroll Financial Services Beyond Philippines
Uploan, a Philippines-based fintech company providing payroll financial services, has raised a senior secured loan of up to US$15 million from debt financer Lendable.
- Categories
- Finance, Technology
- Region
- South Asia
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Fintech Startup, Okra, Raises $3.5 Million Seed to Deepen Operations in the Nigerian Market
Nigerian API fintech startup, Okra, has raised a $3.5 seed investment barely one year after its $1 million pre-seed round.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: Zeepay Ghana Acquires Mangwee Mobile Money in Zambia
Zeepay, the leading African Challenger Fintech with operations in over 10 African countries today acquired a 51 percent stake in Mangwee Mobile Money in Zambia.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Ugandan Fintech Numida Secures $2.3 Million
Uganda-based fintech startup Numida has secured $2.3-million in a seed funding round led by MFS Africa with participation from DRK Foundation, Equilibria Capital, and Segal Family Foundation alongside angel investors.
- Categories
- Finance
- Region
- Sub-Saharan Africa