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How Bitcoin Could Revolutionize Remittance in Africa
A host of local companies are looking to disrupt the remittance market in Africa by undercutting traditional money transfer operators while also offering businesses new ways of accepting payments on a continent with low credit card penetration and an over-reliance on cash.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- remittances
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How Foundations Like Ronnie Screwvala’s Swades Are Helping Entrepreneurs Emerge From Rural India
For Ronnie Screwvala this was an unusual success story. At a community centre in Khamgaon, a village 166 km south of Mumbai, he engaged a group of 25 rural women, all dressed in pink, aged between 30 and 40, in a discussion on sanitary napkins with great enthusiasm.
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- Uncategorized
- Region
- South Asia
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Coming of Age: Institutional Investors See Investment Merit in India’s Non-Banking Finance Companies and MFIs
Institutional investors in the debt market are gradually gaining confidence about looking beyond traditional government and highly-rated corporate debt to bonds and other debt instruments issued by non-banking finance companies (NBFCs) and microfinance institutions (MFIs). NBFCs and MFIs are also helping create this new market, either by issuing debentures or pooling their debt assets.
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- Uncategorized
- Region
- South Asia
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Press Release: Xpress Money and MTN Partner to Offer Mobile Remittances in Ghana
In a move that further strengthens Xpress Money's alternate channels portfolio, the money transfer company announced its partnership with MTN Ghana - a telecom giant in Ghana. Xpress Money customers remitting to Ghana will now be able to transfer money directly into the Mobile Wallets of registered MTN Mobile Money users in the country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Aid Agencies Urge Kenya to Let Somali Remittances Resume
Aid agencies urge Kenya to allow Somali money transfer firms to resume operations, expressing concern that halting remittances will hurt struggling families and relief operations in Somalia.
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- Uncategorized
- Region
- Sub-Saharan Africa
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GE Is Taking the Axe to Its Finance Arm in a Landmark Strategy Shift
Shares surge in reaction to radical restructuring for the world’s fourth-most valuable company as it returns to its industrial roots.
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- Uncategorized
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Kenya Commercial Bank Launches Islamic Banking
Kenya Commercials Bank (KCB) Group on Thursday launched its Islamic Banking unit as it seeks to tap into the growing demand for Islamic financial products across the East African region.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- Islamic finance
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Eight Months on, Two Charts Raise Questions About India’s Financial Inclusion Scheme
Two of every three bank accounts opened under Jan Dhan Yojana have zero balance. Not a single insurance claim was settled during the last year.
- Categories
- Uncategorized
- Region
- South Asia
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