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Kenya ops slam regulator for failing to curb Safaricom
Safaricom’s rival operators hit out at the Communications Authority of Kenya (CA) for failing to deal with the market leader’s dominance, after it removed controversial recommendations to split the company from a competition report.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, regulations
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Press release: Insurers Leverage New Technologies and Reinvent Business Models to Reach Underserved Consumers, Report Finds
The Center for Financial Inclusion at Accion (CFI) and the Institute of International Finance (IIF), with the support of MetLife Foundation, today released a new report detailing the factors spurring inclusive insurance around the world. It reveals how both traditional and new insurers are breaking open new markets and reaching underserved customers through the use of innovative technologies, business models, product design, and partnerships, enabled by effective regulatory environments.
- Categories
- Finance
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Press release: Village Capital and MetLife Foundation Award $50,000 To Middle East Financial Health Startups at Forum in Dubai
“MetLife Foundation is proud to partner with Village Capital on this innovative financial health forum that identifies and accelerates early-stage entrepreneurs who are leading the way toward a more financially inclusive Middle East,” said Dennis White, President and CEO, MetLife Foundation. “Village Capital’s approach to identify and support local entrepreneurs that have a deep understanding of culturally-relevant customer needs and solutions helps advance MetLife Foundation’s overall goal to provide individuals and communities with the tools they need to achieve sustainable financial well-being.”
- Categories
- Uncategorized
- Region
- North Africa & Near East
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China Tightens Regulation Over Mobile Payment Apps — What’s Next For Tencent and Ant Financial?
Now that digital wallets like Ant Financial’s Alipay and Tencent’s Ten Pay have become near ubiquitous in the country, where the market for mobile payment reached $5.5 trillion as people use them to pay for clothes, groceries, taxi fares and utility bills, the government wants to bring oversight up to speed by regulating them exactly like banks, said Oliver Rui, a professor of finance at the China Europe International Business School in Shanghai (CEIBS).
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Kenyan operators prepare for mobile money interoperability tests
Kenya's telecommunication firms are expected to begin trialling mobile money transfers from one network to the other from January, reports Business Daily.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Can the rise of cryptocurrency impact currency market in India?
Slowly, cryptocurrencies are coming under the regulatory net in order to check misuse. Japan recently became the first country to regulate cryptocurrencies; the US is quickly laying down regulatory guidelines, the UK and Australia continue to work on the formalities while China has recently banned Initial Coin Offerings (ICO) due to various reasons, including various ICO scams around the world.
Though India plays a relatively small role in the global cryptocurrency market, only about 2% of the global cryptocurrency market cap, the RBI has warned about the potential financial, legal, customer protection and security-related risks in cryptocurrency, amidst prevalent media rumours of RBI launching its own form of cryptocurrencynamed Lakshmi.- Categories
- Finance
- Region
- South Asia
- Tags
- cryptocurrency, fintech, regulations
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Future Ford Foundation Director Weighs in on Role, Impact Investing
As he finishes his tenure with the banking giant, CIO caught up with Swan, one of the founding CIOs of New York City’s Upper Manhattan Empowerment Zone, to talk about his accomplishments, his thoughts on where the most potential future impact investments appear, and more.
- Categories
- Investing
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Press release: The Church Pension Fund Invests in $75 Million Off-Grid Solar and Financial Access Senior Debt Fund
The Church Pension Fund invested $17 million in the Social Investment Managers & Advisors Off-Grid Solar and Financial Access Senior Debt Fund I, B.V. The $75 million fund will provide loans to microfinance institutions, distribution companies, and manufacturers in the off-grid solar sector located in sub-Saharan Africa and South Asia.
- Categories
- Investing
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