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World Bank Boosts Financial Inclusion in Cameroon
The International Finance Corporation (IFC), a member of the World Bank Group, has recently announced an advisory services agreement with Mircrofinance Institute Advans Cameroun geared at expediting the rate of financial inclusion in Cameroon by expanding the range and reach of services available to underserved urban and rural populations.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Nigerian Banks Intensify Efforts on Customer Biometric Registration
In an effort to reduce incidents of fraud and protect customer accounts from unauthorised access, the Bankers’ Committee has intensified efforts on the enrolment of bank customers on the Bank Verification Number (BVN). BVN involves the registration of customers in the financial system using biometric technology making accounts more secure using unique identifiers such as fingerprint.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Western Union to Cut Prices for Money Transfers Within U.S.
Western Union Co (WU.N) said it would cut prices for money transfers within the United States to help fend off fierce competition and would buy back up to $1.2 billion of shares.
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- Uncategorized
- Tags
- digital payments
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Press Release: Center for Financial Inclusion at Accion and HelpAge Int’l Report – Aging and Financial Inclusion: An Opportunity
Today, the Center for Financial Inclusion at Accion (CFI) and HelpAge International released Aging and Financial Inclusion: An Opportunity, a report that examines the unmet financial needs of the rapidly growing global aging population, particularly in the developing world. The purpose of this report is to highlight the barriers and opportunities related to financial services in older age and throughout the aging process, a relatively neglected area of study.
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- Uncategorized
- Region
- Latin America
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Pantera Leads $1.1 Million Funding for African Bitcoin Startup BitPesa
Kenya-based bitcoin services provider BitPesa has raised $1.1m as part of a new funding round led by hedge fund Pantera Capital.
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- Uncategorized
- Region
- Sub-Saharan Africa
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West Africa Lags in Mobile Money Usage
While most regions in Africa are recording significant uptake of mobile money, the West African region is lagging behind, according to a new report.
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- Uncategorized
- Region
- Sub-Saharan Africa
- Tags
- digital payments
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Ethiopia Backs Mobile Players for Financial Inclusion
Two mobile money platforms have launched in Ethiopia, as the country looks to improve the take-up of bank services.
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- Uncategorized
- Region
- Sub-Saharan Africa
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ICICI Bank, India’s Largest Private Sector Bank, Launches New e-Wallet for Mobile Payments
ICICI Bank Ltd on Tuesday launched Pockets, a mobile payments wallet for Android phones, which can be topped up with money from any bank account for making phone-based payments.
- Categories
- Uncategorized
- Region
- South Asia
- Tags
- digital payments
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