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PostalPay App Brings Affordable Money Transfer Services to Uganda
The app allows people located in the EU to send money home in a cheaper, faster, and safer way from their mobile phones.
- Categories
- Agriculture, Telecommunications
- Region
- Sub-Saharan Africa
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Interview: This Online Platform Is Helping Relief Agencies Send Cash Aid to Rural Somalia
Hormuud Telecom is helping donors reach millions of Somali residents engulfed by hunger and starvation, while eliminating the fear of terrorist attacks.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Delivering on Mass Market Insurance in Africa: Debunking the Myth of Low Demand
Africa’s insurance penetration rate in 2019 was only 2.78%, significantly lower than the global average — and insurance usage is concentrated among the urban elite, with minimal adoption among the people with the most risk of financial shocks. According to Ted Pantone at Turaco, there's a widespread belief in the industry that this lack of uptake means African customers don't see value in the benefits of insurance. But he argues that Turaco’s rapid growth in Africa is debunking that myth. He explores three aspects of the company's model that have enabled it to unlock African customers' latent demand for insurance.
- Categories
- Finance, Telecommunications
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Kenya to Employ Mobile Money to Fight Tax Evasion
Kenya has introduced a new policy aimed at using mobile money to curb tax evasion in that country.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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PhonePe Raises $350 Million From General Atlantic at $12 Billion Valuation
Walmart-owned PhonePe on Thursday said it has $350 million in its latest funding round from General Atlantic at a pre-money valuation of $12 billion.
- Categories
- Finance, Investing, Telecommunications
- Region
- Asia Pacific
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We Asked Small Business Owners How Digitalization is Impacting Their Businesses: Here’s How They Responded
Digitalization has become the go-to strategy for improving the performance of Latin America’s micro and small enterprises (MSEs). But according to Daryl Collins and Maria Pia Torres at Decodis, we know little about how MSE owners themselves experience these changes. They share insights from Decodis' surveys of 114 mostly women-led MSEs in Colombia, Mexico and Peru, which highlight how digital solutions have become embedded in these businesses – and where business owners see the most value in digitalization.
- Categories
- Finance, Technology, Telecommunications
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Simba Telecom to Invest $1 Million in New Year Investment Plans to Boost Its Market Presence
The investment will allow Simba Group to reach wider geographical zones and ultimately improve speed to market.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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FinTech Enabler Ukheshe International Attracts Investment From DPI And Fireball Capital To Fuel International Expansion
Ukheshe was established to drive financial inclusion across Africa and beyond, by creating new ways for businesses to develop and grow their financial services offerings.
- Categories
- Finance, Investing, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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