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Alibaba’s Ant Financial Just Launched a Blockchain-based Remittance Service
Ant Financial, Alibaba’s $150 billion financial affiliate, launched a blockchain-based service that lets Hong Kong’s large Filipino working population send funds to family back home quickly and securely.
- Categories
- Finance
- Region
- Asia Pacific
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Uganda President Museveni orders refund of mobile money ‘error’ tax
In a statement issued on Facebook, Museveni insists that the 1 per cent tax which he ordered to be reduced to 0.5 percent last week was passed in error and he signed the bill knowing it had an error.
- Region
- Sub-Saharan Africa
- Tags
- fintech, regulations
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Alternate lending platforms are fixing India’s financial inclusion problem, becoming enablers for SME funding
Today, India's MSMEs and their business owners are finding new-age digital startups and alternate lending platforms to be the most effective institution to disperse credit.
- Region
- South Asia
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Ant Financial sees huge growth for cashless payments in South America, Africa
Over the past three years Ant Financial, the fintech affiliate of Alibaba Group Holding has done nine partnerships. Within Asia, Ant Financial has forged partnerships with local companies in South Korea, Pakistan, Bangladesh and Hong Kong, Man said, adding that the company will continue to expand its footprint in the region.
- Categories
- Finance
- Tags
- digital payments, fintech
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Mali and International Fund for Agricultural Development ink deal to connect farmers to rural financing
By providing a range of financial products, including savings, credit and micro-insurance, the project will enable smallholder farmers to invest in the necessary infrastructure and equipment that will help them produce, store, process and better market their products.
- Categories
- Agriculture
- Region
- Sub-Saharan Africa
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Ugandan Government Reviewing Controversial Mobile Money Tax, says PM Rugunda
"Government is now reviewing the taxes taking into consideration the concerns of the public" and an amended bill will be debated on July 19, said Rugunda.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: IFC invests $100 million in Mahindra Finance for loans to farmers
“Since its inception in 1991, Mahindra Finance has been working in the rural and semi-urban areas of India, catalyzing financial inclusion of the unbanked and under-served communities and also partnering with them in their difficult times. Our focus has been on enabling these customers with innovative financial solutions, tailor made to their evolving needs” said Ramesh Iyer, Vice-Chairman & Managing Director, Mahindra Finance.
- Categories
- Agriculture
- Region
- South Asia
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An Isolated Country Runs on Mobile Money
The continent, home to many of the world’s frontier economies, has come closest to skipping, or “leapfrogging” as it’s often called, traditional brick-and-mortar banks and going straight to heavily using phones as wallets.
And nowhere are the benefits of mobile money more apparent than in Somaliland, where the extreme economic and financial conditions have allowed Zaad, a service from the main local telecom, Telesom, to catalyze commerce in one of the most isolated parts of the world.- Categories
- Finance
- Region
- Sub-Saharan Africa
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