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IMF Releases the 2017 Financial Access Survey, Tracking Access to Financial Services
FAS data show progress in two indicators of the Sustainable Development Goals: the number of bank branches and automated teller machines (ATMs), with most of the growth concentrated in Asia. However, some other regions still lag in these financial access dimensions.
- Categories
- Finance
- Tags
- financial inclusion, fintech, SDGs
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Ecobank launches mVisa across 33 African Countries
Ecobank has partnered with Visa to launch Ecobank Scan+Pay with mVisa solutions to their consumers. The strategic tie-up signals interoperability on a cross border level - and potentially huge gains - as it affords consumers with the ability to use their mobile phone to directly access the funds in their bank accounts to pay person-to-merchant (P2M) or person-to-person (P2P).
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: MyBucks Named ‘Best Financial Inclusion Company’ at European FinTech Awards 2017
Luxembourg-based and Frankfurt-listed fintech, MyBucks S.A., was announced as the winner of the Award for ‘Best European Financial Inclusion Company’ at the European Fintech Awards 2017 taking place in Brussels, Belgium.
- Categories
- Finance
- Region
- Europe & Eurasia
- Tags
- fintech
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How Fintech and Payments Innovations Will Disrupt Global Ecommerce
With the growth of international ecommerce platforms like Shopify and Magento and payment platforms like PayPal and Stripe, the barriers to ecommerce are crumbling, giving life to new businesses, opening up new revenue streams for established players, facilitating economic trade, and driving technology advancements worldwide.
- Categories
- Finance
- Tags
- digital payments, fintech
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New UN report reveals momentum for digital payments in Ghana could save over $230M within next four years
With 37 percent of the value of all payments now made digitally, Ghana is on course to be a leader in the region, with great potential to expand economic opportunities for businesses
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Press release: CGAP Launches Customer-Centric Guide
While the number of people with formal financial accounts is growing worldwide, many poor people seldom use them, suggesting they find the accounts have little value. According to the World Bank’s Global Findex report, in developing countries about 20 percent of adults left their accounts unused for at least a year.
- Categories
- Finance
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Maisha Becomes First Microfinance Bank in Kenya to Offer Mobile Loans
Maisha MFB becomes the first telco-backed microfinance to launch a savings and mobile money solution in the market and the fourth financial institution, alongside banks like Commercial Bank of Africa (CBA), Kenya Commercial Bank (KCB) and Equity.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech, lending, microfinance
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New Case Study Details How to Deploy Successful Agency Banking in Africa
Agency banking utilizes a network of local merchants and shopkeepers, in areas where FINCA usually doesn’t have a presence, to provide basic banking services. The agents are equipped with POS (Point of Sale) machines, a portable device that securely connects to FINCA bank accounts through biometric fingerprints.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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