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The Quadrennial Quandary: Mobile financial inclusion still on an upswing, but women still face connectivity challenges
Going forward, the report highlights that the continuous involvement of businesses will be vital for unlocking opportunities to enhance financial inclusion.
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Controversy over Uganda mobile money taxes
As it stands, the introduction of the tax has caused confusion, especially over mobile money transactions.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Four Asian Banks Get Clearance To Open Branches in India
A senior government official told BloombergQuint the proposals pertained to the banks expanding their operations and opening new branches in India. The government has conveyed to the Reserve Bank of India it has no objection over the same, the official said.
- Region
- South Asia
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A two-day crash in Zimbabwe’s mobile money system shows the vulnerabilities of going cashless
Although mobile money has become the leading transaction platform in Zimbabwe, its weaknesses came into focus this week after the dominant EcoCash network in Zimbabwe went down for two days, and left many consumer businesses floundering in an already difficult economy.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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2020 Financial Inclusion Target Not Feasible, Says Central Bank of Nigeria
The NFIS had set two financial inclusion targets for the year 2020: an overall financial inclusion rate of 80 per cent of the adult population and a formal financial inclusion rate of 70 per cent of the adult population.
- Region
- Sub-Saharan Africa
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Federal Bank looks to acquire Madura Microfinance
The acquisition will help Federal Bank venture into microfinance and grow its priority sector loans.
- Region
- South Asia
- Tags
- microfinance
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Flipkart Seeking NBFC License; Soon to Venture into Fintech Space
Flipkart is in news again as the e-commerce giant is all set to step its foot in the fintech space with the company now planning to offer credit and insurance products to its customers and sellers.
- Categories
- Finance
- Region
- South Asia
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China takes a swipe at the fintech sector
Beijing has spent years sitting back and encouraging its powerful fintech firms to create and innovate. But it is starting to crack down on parts of an industry that it feels may have grown too far too fast, starting with peer-to-peer lenders.
- Categories
- Finance
- Region
- Asia Pacific
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