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Goldman Sachs, Point72 and Others Invest $42 Million in Mexico’s Credijusto
Mexico has experienced a steady rise in startups aiming to use technology and mobile phones to sell financial services to poor and middle-class customers who do not use traditional banks.
- Categories
- Finance, Technology
- Region
- Latin America
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Xiaomi Banks on Phone Data for Finance Play in India
The stakes are high for the world’s fourth largest mobile phone vendor, whose business model relies on low-margin hardware sales with services as a key long-term profit centre.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- digital finance
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Dawn of the QR Code in Chile’s Payments Market
A drop in the use of cash brings various benefits in areas such as security, financial crime reduction, tax collection rates and minting costs.
- Categories
- Finance, Technology
- Region
- Latin America
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Viewpoint: Cloud Computing Could Be Key to Speeding up Africa’s Development
What’s especially useful about cloud computing is that companies or organisations don’t need to own computing infrastructure or data centres. Instead, they can rent access to storage and applications, among other things, from a cloud service provider. This allows them to get access to sophisticated capabilities on demand. And they don’t have to spend a great deal of money building and maintaining IT infrastructure on site.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- data, global development, SDGs
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Press Release: Fintech Nomanini Raises $4M in Funding Round Led by Standard Bank
Through the terms of the strategic investment, Standard Bank gains a stake in the company and the ability to use Nomanini’s platform to unearth previously ‘invisible’ data on the informal retail economy.
- Source
- Press release
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Study: Mobile and Social Media Users in Emerging Markets Have More Diverse Social Networks
Instead of isolation, the study found that smartphone users in these markets, and particularly those who also used social media, were more regularly exposed to people with different racial and ethnic backgrounds, different religious preferences, different political parties and different income levels, compared to those without a smartphone.
- Categories
- Technology
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In Sierra Leone, New Kiva Protocol Uses Blockchain to Benefit Unbanked
The National Civil Registration Commission developed the national digital identity platform with support from Kiva, a nonprofit organization based in San Francisco that allows people to lend money to low-income people around the world, as well as the United Nations Capital Development Fund and the United Nations Development Programme.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Why More Tech Companies Are Launching ‘Lite’ Apps
With 6.47 billion people living in developing economies, there’s a lot of potential for technology firms to tap on — but they need to take a different approach because of technological limitations, according to analysts.
- Categories
- Technology
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