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A two-day crash in Zimbabwe’s mobile money system shows the vulnerabilities of going cashless
Although mobile money has become the leading transaction platform in Zimbabwe, its weaknesses came into focus this week after the dominant EcoCash network in Zimbabwe went down for two days, and left many consumer businesses floundering in an already difficult economy.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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2020 Financial Inclusion Target Not Feasible, Says Central Bank of Nigeria
The NFIS had set two financial inclusion targets for the year 2020: an overall financial inclusion rate of 80 per cent of the adult population and a formal financial inclusion rate of 70 per cent of the adult population.
- Region
- Sub-Saharan Africa
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Viewpoint: The Future of International Development: South-South Cooperation
The Western development system has largely been premised on the flow of knowledge and financing from the “Global North” to the “Global South” with the goal of assisting in driving economic development and poverty alleviation. Ironically, the expertise flowing from the “developed” world represents best practices from countries that have never been able to solve their own poverty.
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Federal Bank looks to acquire Madura Microfinance
The acquisition will help Federal Bank venture into microfinance and grow its priority sector loans.
- Region
- South Asia
- Tags
- microfinance
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Maharashtra has most robotics jobs in India
According to data from global job site Indeed, there has been a rise of 186% in the number of job seekers for robotics profiles between May 2015 and May 2018.
- Categories
- Technology
- Region
- South Asia
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Flipkart Seeking NBFC License; Soon to Venture into Fintech Space
Flipkart is in news again as the e-commerce giant is all set to step its foot in the fintech space with the company now planning to offer credit and insurance products to its customers and sellers.
- Categories
- Finance
- Region
- South Asia
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Press release: Case Foundation welcomes veteran impact investing leader Lisa Hall to team
Hall will focus on expanding and targeting the Case Foundation’s long-term efforts to drive more investors and capital into the sector and to break down barriers to entry so new investors have the information, learnings and insights they need when seeking both financial and social returns.
- Source
- Press release
- Categories
- Investing
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China takes a swipe at the fintech sector
Beijing has spent years sitting back and encouraging its powerful fintech firms to create and innovate. But it is starting to crack down on parts of an industry that it feels may have grown too far too fast, starting with peer-to-peer lenders.
- Categories
- Finance
- Region
- Asia Pacific
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