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Why China’s Payment Apps Give U.S. Bankers Nightmares
The future of consumer payments may not be designed in New York or London but in China. There, money flows mainly through a pair of digital ecosystems that blend social media, commerce and banking—all run by two of the world’s most valuable companies.
- Categories
- Finance
- Region
- Asia Pacific
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Mobile payment firms struggle to dethrone cash in Southeast Asia
Mobile payments are ubiquitous in China; a consumer can spend a day without using cash at all in Beijing or Shanghai, and even some beggars accept mobile payments. But cash remains king in Southeast Asia.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital payments, fintech
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Press release: Lidya Raises $6.9 Million in a Series A Round Led by Omidyar Network
Lidya, the digital financial services platform focused on improving access to credit for micro-, small-, and medium-sized enterprises (MSMEs) in Africa, today announced that it has raised $6.9 million in a Series A investment round, one of the largest in Nigerian tech history
- Source
- Press release
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, MSMEs
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Women & Banking: India’s financial inclusion suffers from a gender gap
Indian women score disproportionately low on ordinary functions such as savings and borrowings: of more than three-fourths who have a bank account, less than a fifth (16.7%) save formally, i.e., at banks.
- Categories
- Finance
- Region
- South Asia
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How Vietnam’s Fintech Market Could Reach Nearly $8 Billion By 2020
The Asia-Pacific region saw nearly $15 billion in fintech investments between January 2016 and February 2017 alone. Needless to say, the opportunity in fintech is real--and Vietnam is getting in on it.
- Categories
- Finance
- Region
- Asia Pacific
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Press release: Telenor Microfinance Bank and Mastercard to boost cashless payments in Pakistan
The innovative and cost-effective solution, which first went live in Pakistan in August 2016, makes it easy for customers to pay for purchases for a wide variety of goods and services.
- Categories
- Finance
- Region
- South Asia
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Report: Record Number Of Indians With Bank Accounts. So Why Is Financial Inclusion Low?
Mumbai: Up to 80% of Indians now have a bank account, the same proportion that has a mobile phone, but financial inclusion levels are still among the world’s worst, lower than sub-Saharan Africa on some counts, according to a new report.
- Categories
- Finance, Impact Assessment
- Region
- South Asia
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Report: Mobile Money Driving Financial Inclusion in sub-Saharan Africa
IFC, a member of the World Bank Group, together with the Mastercard Foundation, have released a new report today, 16 May 2018 in Nairobi, documenting the transformation underway in financial inclusion in sub-Saharan Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa