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Facebook’s WhatsApp Brings Digital Payment to Users in Brazil
Facebook Inc’s WhatsApp messaging service rolled out a system across Brazil on Monday that will allow users to send money to individuals or local businesses within a chat, attaching payments as they would a photo or video.
- Categories
- Coronavirus, Finance, Technology
- Region
- Latin America
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Tonik Raises $21 Million to Launch Digital Bank in the Philippines
A wave of digital banks, or neo-banks, has flourished in recent years in Western nations as people begin to flee megabanks.
- Categories
- Finance
- Region
- South Asia
- Tags
- microfinance
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Have We Reached the Tipping Point in Racial Equity Investing?
In the past few weeks, racial equity and justice have been the central rallying cry, across the world. This has prompted many individuals and institutions to speak out against racial injustice, not least in the investing industry. On June 10, Confluence Philanthropy, a membership network of foundations and impact investors, launched a pledge for racial equity. The pledge is a commitment to “discussing racial equity at our next investment committee meeting.” As of June 13, 67 institutions have signed up, representing $533.96 billion in assets under management.
- Categories
- Impact Assessment, Investing
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Ghana’s Move to Curtail MTN’s Market Share Is About Mobile Money, Not Voice
MTN’s large market share in Ghana may be about to get smaller.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- data
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New Report Details How Nigerian Fintech Companies Are Expanding Their Business Scopes
The 20-paged report was unveiled during a webinar that was organised by The Economist Intelligence Unit.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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How Coronavirus Is Impacting Digital Payments in Emerging Markets
Digital payments have been growing rapidly in emerging markets over the last ten years or so, since the establishment of MPESA in Kenya in 2007, writes Pavel Matveev, CEO of Wirex. MPESA relies on 120,000 retail agents who take in and dispense cash to users around the country, and in 2017, MPESA processed 1.7 billion payments […]
- Categories
- Coronavirus, Finance, Technology
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Press Release: MIX’s 2020 Inclusive Fintech 50 Application Period Announced
The application period for the 2020 Inclusive Fintech 50 opens on June 15. The initiative elevates promising early-stage fintechs driving financial inclusion and resilience around the globe through a competitive process led by an independent panel of judges from venture capital, technology, and financial services.
- Categories
- Finance
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Viewpoint: 4 Ways Digitisation Can Unlock Africa’s Recovery
The full human cost of COVID-19 in Africa is not yet known, but it is likely to be significant. Importantly, for many Africans, the longer-term socio-economic consequences of the pandemic is likely to be just as material as the health impact of the virus itself.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
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