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Combating Cybercrime in Emerging Economies: The Case for Regional Cybersecurity Centers to Protect the Finances of the Poor
Cybercrime is growing in emerging economies, threatening progress toward inclusive finance. And the poorest people tend to be the most at risk – and the least able to afford losing money. Though government and industry bodies have struggled to address the problem, David Medine at CGAP explains that solutions exist – including the formation of regional cybersecurity resource centers.
- Categories
- Finance, Technology
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Airtel Africa and Mukuru Plan to Facilitate Cross-Border Money Transfers
Pan-African telecommunications and mobile money services company Airtel Africa has announced a deal with African remittance organisation Mukuru.
- Categories
- Technology
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World Bank Releases Research on the Impact of Smart Contracts for Financial Inclusion
Governments and financial authorities across several states are closely monitoring the impact of smart contracts in a digital financial system despite the slow adoption of the technology.
- Categories
- Finance, Technology
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As Users Game the System, Telcos/Banks Rue ‘Mobile Money Freebie’ in Kenya
The date was March 16, 2020, and cases of the novel coronavirus had just begun to spike in Kenya. Following recommendations from the government urging less use of cash as a precaution against the virus, Kenyan banks and mobile money platforms had been forced to become generous, sort of.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Edtech Startup Gradely Wins MEST Africa Nigeria Challenge, to Compete For $50,000 Africa Prize
Gradely offers personalised learning with tools and content that can support students’ learning process through its online platform.
- Categories
- Education, Technology
- Region
- Sub-Saharan Africa
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GSMA Launches Mobile Money Interoperability Test Platform Driving Financial Inclusion in Africa
In Africa over 50.7 million new registered mobile money accounts were opened in 2019-20 alone, taking the total number of registered accounts in the region to 481 million. The total transaction volume and value for mobile money accounts during this period was 24 billion and $461 billion (up by 20% and 27%) respectively.
- Categories
- Technology
- Tags
- fintech
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Digital Innovation to Support African SMEs
COVID-19 may significantly hinder economic and social development across Africa. If the continent is to recover, then micro-entrepreneurs and SMEs will be the engine of growth.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
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The COVID-19 Pivot: How Five Nonprofits and Community-Based Enterprises Have Adapted in Response to the Pandemic
As COVID-19 has upended entire industries, businesses and non-profits everywhere have had to adapt to survive – sometimes shifting completely from their traditional services. June Sugiyama at the Vodafone Americas Foundation explores how five participants in the OpenIDEO COVID Business Pivot Challenge have quickly adjusted to provide innovative solutions to the crisis.
- Categories
- Agriculture, Coronavirus, Health Care, Social Enterprise, Technology