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The race to become the world’s leading leading Islamic fintech hub
Malaysia, the UK and Indonesia are leading the race, ranking first, second and third respectively by number of Islamic fintech startups, says Bloomberg Intelligence. However, fierce competition from Middle Eastern countries threatens their supremacy.
- Categories
- Finance
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Press release: Alipay Expands Global Footprint Into Mexico Through Partnership With Openpay
Alipay, the world’s leading digital payments platform, operated by Ant Financial Services Group, today announced that it is further expanding its footprint in the Americas through a partnership with Openpay in Mexico. Now, Alipay’s more than 600 million active users in China will be able to use Alipay to make purchases from Openpay’s affiliated businesses in Mexico. Alipay is China’s leading payment provider and the primary means of online and mobile payment for Chinese consumers.
- Categories
- Finance
- Region
- Latin America
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One of UK’s biggest banks is going digital in Africa for a share of the mobile money market
UK bank, Standard Chartered, is making a play for the mobile financial services market in Côte d’Ivoire—where it has no physical presence—with the the launch of its first digital-only retail bank. The bank will offer digital services allowing users make transfers and pay bills.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: Women’s World Banking, ExxonMobil Foundation and the Center for Global Development Announce New Global Initiative, She Counts, to Put Financial Tools in the Hands of Women
Today, Women's World Banking, the Center for Global Development, and ExxonMobil Foundation launched She Counts, a global initiative convening and harnessing the power of financial service providers committed to serving women. Announced at a special event hosted by the Council on Foreign Relations, She Counts aims to harness the power of financial services to put savings and financial tools in the hands of underserved women, enabling them to save securely and invest in their businesses.
- Categories
- Finance
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Initiative aims for cross-border interconnectivity of mobile wallets in Southeast Asia, India
Singtel will start with Thailand’s largest mobile operator, AIS. The Group plans to progressively expand this service from the second half of 2018 to other regional associates, which include Airtel in India, Globe in Philippines and Telkomsel in Indonesia.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- fintech
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Press release: Inclusivity solutions brings digital insurance to East Africa through partnerships with Equitel Kenya and Airtel-Tigo Rwanda
Equitel’s Riziki Cover and Airtel–Tigo’s Ingoboka Cash, offer subscribers hospital cash cover to individuals and families who are hospitalised. The offers are being extended as both a free loyalty cover as well as an optional, higher value premium cover. Pivotal to the development of these initiatives was Inclusivity Solutions strategic partnership with Reinsurance Group of America (NYSE:RGA), who is serving as the lead reinsurer for both products.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: Impact Terra secures nearly USD 3.0 million to digitize smallholder farming
Impact Terra, the Myanmar based agriculture and fintech social enterprise, today announced that it has secured nearly USD 3.0 million in funding to lead the digitization of smallholder farming. Its support includes a grant from the Geodata for Agriculture and Water (‘G4AW’) facility and a grant from venture philanthropy organization Leap201.
- Source
- Press release
- Categories
- Agriculture, Finance
- Region
- Asia Pacific
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IDFC Foundation partners Vasudhara Dairy to bring Financial Inclusion to over 1000 villages
IDFC Foundation, the Corporate Social Responsibility (CSR) arm of IDFC Group, has partnered Vasudhara Dairy, to bring financial inclusion to over 1000 unbanked villages in the tribal districts of Gujarat and Maharashtra, using Financial Inclusion Devices or interoperable microATMs.
This initiative will enable thousands of farmers to now access financial services in their villages. Farmers in these unbanked locations are compelled to travel 5-10 kilometers to reach a traditional ATM or bank branch.- Categories
- Finance
- Region
- South Asia
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