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Report: Over 70% of Ghanaians Trust Mobile Money More Than Financial Institutions
Over 70% of Ghanaians trust mobile money more than other financial institutions.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Goldman Makes Biggest Mexico Fintech Bet With MercadoLibre Loan
Goldman Sachs Group Inc. agreed to lend $125 million to Mercado Credito, the bank’s third loan to a Latin American fintech this year and the biggest ever in Mexico.
- Categories
- Finance
- Region
- Latin America
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Why More Smartphones and Bank Accounts Haven’t Brought Financial Digital Inclusion in India
India's financial sector has been a gung-ho adopter of technology. But design of technology and finance have hardly reflected users’ lived realities.
- Categories
- Finance
- Region
- South Asia
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Argentina-based Mobile Payments Fintech Ualá Raises $150 Million via Series C Investment Round
Argentina-based mobile payments firm Ualá has been valued at almost $1 billion in its most recent investment round, which was led by Chinese tech giant Tencent, according to sources familiar with the details of the transaction.
- Categories
- Finance
- Region
- Latin America
- Tags
- digital payments, fintech
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Central Bank Of Sri Lanka Looks To Build Know-Your-Customer System On Blockchain Tech
“The Central Bank of Sri Lanka (CBSL) together with experts in Sri Lanka’s Financial and Information Technology (IT) industries, is assessing the possibility of applying Blockchain Technology to streamline Know-Your-Customer (KYC) processes at financial institutions. It is expected that this would facilitate several potential use-cases that will increase efficiencies in the financial sector. It is also expected that it would help increase financial inclusion in Sri Lanka.”
- Categories
- Finance
- Region
- South Asia
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Credit startup Migo expands to Brazil on $20M raise and Africa growth
After growing its lending business in West Africa, emerging markets credit startup Migo is expanding to Brazil on a $20 million Series B funding round led by Valor Capital Group.
- Categories
- Finance
- Tags
- fintech, venture capital
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Silicon Valley-Backed App Lenders Use Phone Data to Hassle Borrowers
Silicon Valley venture capital is funding a wave of fintech startups in India that use data from borrowers’ cellphones to collect on debts in ways that are illegal in both India and the U.S.
- Categories
- Finance, Technology
- Region
- South Asia
- Tags
- fintech, lending, regulations
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Tech Giants Fight for Slice of Mobile Money Billions
The recent news that Google is partnering with Citigroup and the Stanford University Credit Union to launch Cache, a mobile payments service could be a game-changer for the financial technology sector.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, mobile finance
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