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The Mobile Banking Revolution and What It Means for South Africa
New mobile payment platforms can provide a foundation for financial inclusion in South Africa and beyond, says David Abbott of Fiserv, a leading global provider of financial services technology solutions. But who will build the robust ecosystem required to fulfill their potential?
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- Uncategorized
- Region
- Sub-Saharan Africa
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This New Messaging App Has a Built-in Wallet That Lets You Send Money to Your Friends
Did you ever text a coffee to your buddy? Now you can with this new app. Created in the Philippines, Cheers is the first social messaging app that’s built around a mobile wallet.
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- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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Yunus Sees Room for Microcredit in China
Microcredit has been met with immense enthusiasm in China in recent years, with both banks and business moguls pushing into the sector. Global Times (GT) reporters Gu Di and Liu Zhun talked to Muhammad Yunus (Yunus), a Bangladeshi social entrepreneur, economist, and microcredit icon. For founding Grameen Bank, a bank that makes small loans to the impoverished, he was awarded with the Nobel Peace Prize in 2006. Yunus shared his understanding with GT of why microcredit is flourishing in China and how China's "One Belt and One Road" project could influence the field.
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- Uncategorized
- Region
- South Asia
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MasterCard, Grooming Centre Boost Financial Inclusion for MSMEs in Nigeria
Over 500,000 female entrepreneurs in Nigeria are to be introduced to electronic payments under a new partnership agreed between MasterCard and local microfinance institution Grooming Centre.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Financial Inclusion: Equity Bank, Master Card Launch New Prepaid Card in Kenya
In a manner of speaking, Africa can mentor the rest of the world on mobile money based on the number of such solutions that have been successfully planted on the continent in the past half-decade. In a very recent development, Equity Bank Kenya has, in conjunction with MasterCard, launched a prepaid card with the central aim of deepening the cash lite economy in the east African country.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Financial Solutions Lab Announces $3 Million Competition to Tackle Consumer Financial Security
The Financial Solutions Lab at the Center for Financial Services Innovation (CFSI) with founding partner JPMorgan Chase & Co. today announced a $3 million competition for technology innovators working to address consumer financial challenges. This cross-sector initiative will identify technology-enabled financial solutions and provide winners with direct and indirect support to test and expand the availability of their products and services to consumers.
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- Uncategorized
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Why Bill Gates Is Backing Impact Entrepreneurs in India
Will Poole, a top Microsoft executive-turned seed-stage investor, is tapping American and Indian tech entrepreneurs to back some startups in India that are decidedly not tech-related.
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- Uncategorized
- Region
- South Asia
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- impact investing
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Kompanion Financial Group Completes Equity Raise with Investment from FMO and Triodos Investment Management
Kompanion Financial Group, one of the largest microfinance institutions in the Kyrgyz Republic both by loan portfolio and number of clients, has concluded an equity raise selling a 35% stake to international investors. The shares were purchased by Netherlands based investors FMO and Triodos Investment Management, with the latter investing through Triodos Fair Share Fund and Triodos Microfinance Fund. Kompanion’s founder Mercy Corps will remain majority shareholder and hold a 65% stake. The funds will be used for growth capital in the lending operations and support Kompanion’s transformation to a licensed banking institution.
- Categories
- Uncategorized
- Region
- Europe & Eurasia
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