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Malawi Post Corporation to Launch Mobile Money Service
Malawi Post Corporation (MPC) plans to launch its mobile money service Zaphweka (ZapCash) before the end of the year.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Mobile Money Growth Slows at Last in Ghana
After seven years of phenomenal growth as a payments platform in Ghana, the increase in mobile money (MoMo) users and usage has begun to slow giving indications that this transformational payment platform, in its current form, may be approaching maturity.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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NGOs Ordered to Retract Report Critical of Microfinance in Cambodia
Government officials and MFIs were quick to dismiss the report, noting that interviews were only conducted in 10 communes in the provinces of Kandal, Kampong Cham, Tboung Khmum, Prey Veng and the city of Phnom Penh.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- microfinance, NGOs
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Accion Venture Lab Launches $23m Inclusive Fintech Startup Fund
The Accion Venture Lab Limited Partnership, as it’s called, will make seed-stage investments in inclusive fintech startups, defined as ventures that “that leverage technology to increase the reach, quality, and affordability of financial services for the under-served at scale,” per a company release.
- Categories
- Finance
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Viewpoint: Libra’s Top-Down Model Doesn’t Match Its Financial Inclusion Mission
Though the use of Libra to pay for a Spotify subscription, an outfit on Farfetch, or a holiday on Booking.com is certainly an on-ramp for mainstream adoption, the appeal and necessity of such services to the underbanked, as part of the currency’s underlying mission, is mismatched.
- Categories
- Finance
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India’s Mobile Payments Firm MobiKwik Reaches Rare Key Profit Milestone
The 10-year-old Gurgaon-headquartered firm said Tuesday it is now generating a profit excluding interest, taxes, depreciation and amortization.
- Categories
- Finance
- Region
- South Asia
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M-Pesa Mulls Joining Nigeria’s Mobile Money Market
Safaricom, a major player in the East African Telco market and mobile money operator, will be considering its prospects in the West African zone with Nigeria as the key driver.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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NGOs to be Grilled Over MFI Report in Cambodia
The National Bank of Cambodia and government yesterday cast doubt on a recent NGO report on microloans, demanding that those behind the critical claims provide evidence to support them in a closed-door meeting.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- microfinance
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