-
Remittances: Moving People Move Money
New innovations in digital technology are rapidly changing the global remittance landscape.
- Categories
- Finance
- Region
- Asia Pacific
-
Press Release: Financial Inclusion in West Africa Gets a Boost With New $10M Raise by Aella Fintech
For millions of poor and low-income households, entrepreneurs, and nascent businesses in West Africa without access to financial institutions, micro-lending fintechs like Aella provide a broader array of financial products — savings, insurance, payments and specialized loans, focused on lifting many out of poverty. Aella plans to use this funding to scale its lending operations and expand its product base into payments.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Mastercard Left Libra Association Over Regulatory and Viability Concerns, Says CEO
Banga said there were no obvious means for the Libra Association to become profitable or make money from its users. "When you don’t understand how money gets made, it gets made in ways you don’t like," he said.
- Categories
- Finance
-
Press Release: Mexico Digital Bank Stori Raises $10 Million USD and Launches Inclusive Digital Credit Card
Highly concentrated in the super-prime space, the banking industry has underserved the Mexico mass population. Only about 40% of the nearly 130 million population have bank accounts, and less than 15% of consumers have access to bank provided lending. In addition, most banks have not caught up with the digital transformation and are not able to provide a compellingly simple and good customer experience.
- Categories
- Finance
- Region
- Latin America
-
Facebook Libra’s Promise of Financial Inclusion ‘Doesn’t Sound Right,’ Says Mastercard CEO
The CEO of Mastercard has revealed why the company pulled out of Facebook’s Libra cryptocurrency project, saying he “doesn’t understand how it works”.
- Categories
- Finance, Technology
-
MTN “Stubbornly Optimistic” Relaunched Mobile Money Will Work In South Africa
Africa's largest mobile operator has relaunched its mobile money in its home country, aiming to provide financial services to 11-million South Africans who currently don't have access to such offerings.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance
-
Press Release: WorldRemit Partners with Wizall Money to Launch its First Mobile Money Transfer Service to Senegal
Using the WorldRemit app, customers in over 50 countries can now send money instantly to over 60,000 Wizall Money mobile accounts in Senegal.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
How Mobile Money Is Taking Over the Finance Sector in Ghana, Records Massive Growth in 2019
Ghana Interbank Payments and Settlements System report has shown that the movement of funds from bank accounts into mobile money wallets or accounts recorded 1224% growth in 2019.
- Categories
- Finance
- Region
- Sub-Saharan Africa
Subscribe to Our 'Business in Global Development' Newsletter!
Our new weekly LinkedIn newsletter features NextBillion's latest original articles, along with curated news, jobs, bizdev opportunities and events from our recent coverage of impact-focused business in emerging markets.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.