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A Country May Issue a Digital Currency in 5 Years
A new report says national digital currencies could mean greater financial inclusion, less financial crime and more efficient cross-border transmissions.
- Categories
- Finance
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Q&A: PayPal CEO Dan Schulman Reveals Why He Withdrew From Facebook’s Libra Project
In October, PayPal became the first company to walk away from The Libra Association without citing a specific reason, only that it decided “to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations.”
- Categories
- Finance
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China Investors Back Africa-Focused Fintech Startup
OPay, located in Lagos, was incubated in 2018 by Opera, a Norway-based and Chinese-controlled online consumer icompany. OPay provides consumers with a wide range of services including mobile payments and transfers, ride-sharing and food delivery.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, startups
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India’s Financial Services Firm Paytm Raises $1B
Paytm mobile wallet enables users to transfer money to each other, pay for food delivery and clear utility bills, buy train and movie tickets as well as secure small loans.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital finance, fintech, startups
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Viewpoint: Europe Needs Its Own Development Bank
The European Union needs a development bank so that it can strengthen its capacity to respond to global and regional challenges – above all, to risks and opportunities in Africa. At a time of increasing uncertainty, growing international threats, and fundamental challenges to multilateralism, solid institutions are needed more than ever.
- Categories
- Finance
- Region
- Europe & Eurasia
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Everything You Need to Know About African Fintech Right Now
Africa is home to the world’s youngest labor force, and a rapidly growing rate of mobile phone use. Providing essential financial services to this market has major potential—and global investors, from Silicon Valley venture capital firms to international finance institutions, are taking notice and backing African fintech companies.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech, startups
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A New Program Aims to End Africa’s Financial Gender Gap
Singer Angélique Kidjo is promoting Affirmative Finance Action for Women in Africa, a program that seeks to boost financing for female entrepreneurs. “Why do banks give more loans to men versus women? That’s the question I have,” she said.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Why Mexico’s Fintech Sector Will Be One to Watch in 2020
Mexico has become a regional leader with more than 273 fintech ventures operating in the country. Over the past year, many of Mexico’s fintechs have also attracted significant investment.
- Categories
- Finance
- Region
- Latin America
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