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Visa and MFS Africa Team on Digital Payments
“Africa is adopting a mobile-led, digital payments ecosystem and with Visa looking to accelerate the distribution of payment credentials and expand the acceptance space for digital payments, this partnership is an important one,” says Jack Forestell, chief product officer, Visa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Peter Thiel-Backed VC firm Invests in Mexican Neobank Albo as Demand Rises for Services for Unbanked
Albo offers online banking services to the country’s large unbanked population, and permits customers to open an account online within minutes and get a prepaid Mastercard tied to a phone app.
- Categories
- Finance
- Region
- Latin America
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The Rising Gender Gap in Financial Services Threatens Nigeria’s Financial Inclusion Target
A report conducted by the CBN and EFInA finds that differences between men and women in education, income, and trust in financial service providers contribute to the gender gap in financial access.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Microfinance Lenders in Sierra Leone Accused of ‘Payday Loan’ Interest Rates
A Guardian investigation into a microfinance programme run by Brac found that the NGO’s staff were failing to fully explain the conditions of the loan to borrowers.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: QuickCheck partners with Jumia & PayAttitude for further Financial Inclusion in Nigeria
QuickCheck’s affiliation with Jumia will allow customers to easily take loans on a mobile app they are already actively using.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Africa’s Fintech Boom Is Creating Niche Ecosystems to Power the Industry’s Future Globally
Johannesburg, Cape Town, Nairobi and Lagos all rank among the top 100 cities for fintech ecosystems, keeping with a trend which sees nearly half of the top 100 cities located in emerging markets.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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African Development Bank to Launch $270M Fund for Social Impact Investors
The African Development Bank is setting up a new US$270m social impact fund to support small and medium-sized enterprises.
- Region
- Sub-Saharan Africa
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Brazilian FinTech Rebel Lands $10M For Affordable Loan Products
"Traditional banks claim that credit in Brazil is expensive because of delinquency rates; but in reality, delinquency is high because the country has the highest interest rates in the world. It is a perverse and vicious cycle, and a difficult one to overturn. That’s why we are rebels: Our goal is to break up with this loop and start a new and virtuous cycle.”
- Categories
- Finance
- Region
- Latin America
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