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Why Mobile Money Growth Remains Stunted in Nigeria
The Central Bank of Nigeria (CBN) published the Financial Inclusion Strategy (FIS) setting financial inclusion target of 80 percent realisation this year. Due to challenges within the system, the apex bank revised it last year to 95 percent by 2024. Mobile money, a veritable tool for achieving this ambitious goal, remains in the limbo because of certain factors.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Viewpoint: African Innovators Not Hitting Pause During COVID
Innovations in healthcare, online learning and fintech continue in Africa during the pandemic, Lydiah Bosire writes.
- Categories
- Coronavirus, Finance, Technology
- Region
- Sub-Saharan Africa
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Analysis: Why Hasn’t Africa Gone Digital?
Countries with weak power infrastructures—which were already struggling to compete in the new digital economy—are facing bleak prospects in a post-lockdown world in which Zoom, Dropbox and Google Classroom are the new office or school.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
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Viewpoint: How Mobile Wallets Fend Off Economic Shocks
Households as well as companies can mitigate economic risks better by adopting mobile-based transactions, a new study finds.
- Categories
- Finance, Technology
- Region
- South Asia
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Viewpoint: Data-Driven Collective Action Is Imperative For A Post-Covid-19 Development Agenda
It is feared that decades of progress towards the Sustainable Development Goals (SDGs) may simply be erased, thanks to the pandemic. In times like these, the development community must look inwards and ultimately refocus its efforts to serve the most vulnerable and prevent large-scale socio-economic devastation.
- Categories
- Coronavirus, Impact Assessment, Technology
- Tags
- data, global development, SDGs
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VCs Get Behind Disaster Tech in Search for Innovative Life-Saving Technologies
Creating profitable growth and social impact through partnerships - here’s how VCs are supporting Disaster Tech
- Categories
- Coronavirus, Health Care, Technology
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Press Release: Asian Fintech Firm TrueMoney Partners With Thunes, a Global Cross-Border Payment Network, to Expand Its Global Remittance Services
The partnership will transform the way people pay, send, and receive money in SEA, enabling TrueMoney's 58 million users to receive remittances across 100 countries.
- Categories
- Finance, Technology
- Region
- South Asia
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Viewpoint: Fintech Innovators Can’t Let the Coronavirus Derail Financial Inclusion
Many of us take it for granted, but accessing basic financial services is fundamental to our economic and social development. It is hard to "get on" if you are forced to hide life savings under the mattress, or rely on predatory loan sharks for credit.
- Categories
- Coronavirus, Finance, Technology