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New GSMA Report Finds That Latin America and the Caribbean Have Fastest Growth in Mobile Financial Services Globally
At the Mobile 360 Latin America event today, the GSMA issued the report, ‘Mobile Financial Services in Latin America and the Caribbean: state of play, commercial models and regulatory approaches’, which examines the current state of mobile financial services across Latin America and the Caribbean (LAC) region. The report outlines important advances in mobile money adoption in the region, showing that nearly two thirds of markets have at least one live mobile money service. Today, there are a total of 37 mobile money services, accounting for roughly 14.9 million registered mobile money accounts, in 19 countries1 in the region. This includes seven new services launched in Brazil, Colombia, the Dominican Republic, Ecuador, Panama and Peru since 2014.
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- Uncategorized
- Region
- Latin America
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India’s Bad Loans Situation May Not Have Peaked Yet, Says RBI Chief
India's banking system may not yet have seen the peak in bad loans, the Reserve Bank of India Governor Raghuram Rajan said on Thursday, adding the central bank was working with lenders to recognise and resolve these non-performing assets.
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- South Asia
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- lending
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Press Release: TriLinc Global Impact Fund Makes Impact Investments in Africa and Latin America
TriLinc Global Impact Fund (“TriLinc” or the “Company”) announced today that it has recently approved $3.97 million in trade finance transactions to companies in South Africa and Argentina. The transaction details are summarized below.
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- impact investing, lending
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Walmart Taps Alipay to Bring Mobile Payments to 25 China Stores
The world of mobile payments in China keeps heating up.
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- Uncategorized
- Region
- South Asia
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- digital payments
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Press Release: Wave Closes $10 Million Investment to Provide Tools for Owners of Small- and Micro-Businesses
Wave (waveapps.com) has closed a $10 million Series C investment with participation from CRV, The Social+Capital Partnership, OMERS Ventures, and a strategic investor in the global fintech software space. This brings total investment in Wave to $35 million, with the new funds earmarked for ongoing innovation and development of small business financial tools.
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- Uncategorized
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- impact investing
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Buddhist Monk in Thailand Relies on Karma for Lending Success
Buddhist monks aren’t really known for dipping into the material world of finance. Phra Subin Paneeto, though, says he felt he didn’t have much choice when he saw his neighbors near Thailand’s border with Cambodia were struggling to make ends meet.
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- Uncategorized
- Region
- South Asia
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- lending, microfinance
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How NGOs Can Help Unleash Cuban Remittances
Remittances to Latin America and the Caribbean set a new record high last year, at a total of $65.4 billion, the Inter-American Development Bank revealed Tuesday.
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- Uncategorized
- Region
- Latin America
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Kenya’s Mobile Finance Revolution Takes the Next Steps: Two new developments go far beyond mobile money
Kenya’s mobile finance market is evolving, and for the country’s leading financial services players, that evolution has been a profitable one. But beyond M-PESA’s remarkable payments revolution and the continued growth of M-Shwari’s mobile banking services, there are two other important developments in the Kenyan market. MicroSave founder Graham Wright discusses their impact.
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- Uncategorized
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