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Mexico launches major initiative to boost financial sector
"The main objectives of these actions are to increase the coverage of the financial sector and promote liquidity in the stock market, introduce a more efficient payment system for the population, and overall, facilitate and promote savings mobilization, channeling them into productive investments," read a press release from the finance ministry.
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- Finance
- Region
- Latin America
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M-Pesa to offer cash advances to clients
Safaricom users can now pay for goods and services even when they lack enough funds, piling pressure on conventional banks.
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- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Why the next big thing in fintech is not mobile payments
The next big thing in fintech isn’t mobile payments – it’s data.
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- Finance
- Region
- Asia Pacific
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Telenor Microfinance partners with Alipay for Pakistan blockchain remittances
The service is provided by Telenor’s mobile banking service Easypaisa in Pakistan and another subsidiary Valyou in Malaysia. The aim is to make payments real-time, 24/7 and more efficient.
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- Finance, Telecommunications
- Region
- South Asia
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Understanding the average effect of microcredit
Microcredit trials show only moderate variation in effects across different settings, suggesting that the average effects of these loans are small.
- Categories
- Finance
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Nigeria Softens Rules Shielding Banks From Wireless Rivals
The central bank may have realized it can’t rely on lenders alone to achieve its objective of extending services to the 50 million adults still without a bank account in the nation of about 200 million people.
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- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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In China, cash is no longer king
A cashless society has many advantages, including lower transaction costs. But it also creates a divide between those who can make cashless payments and those who cannot.
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- Finance
- Region
- Asia Pacific
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Why fintech in India needs to start counting for the unimaginable 2020
2020 will also be the year of action for SME and MSME banking. Despite playing a pivotal role in the country’s economic growth, the SME market remains relatively underserved with banks.
- Categories
- Finance
- Region
- South Asia