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M-Pesa, Paypal deal to jolt Equity’s control
On market trends, the deal is likely to be a blow to Equity Bank which has dominated the Paypal transaction market in the Country since 2013.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: What the gig economy can learn from the mistakes of microfinance
When the global financial crisis of 2008 struck, MFIs were largely unscathed, because their success was not tied to synthetic derivatives in London or Hong Kong, but rather hard-working, entrepreneurial individuals striving daily to build good businesses and provide for their families.
- Tags
- microfinance
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TED has launched a $250 million project to model ‘what an IPO for the nonprofit world might look like’
Starting this year, TED is scrapping the annual prize for something even bigger: a $250 million initiative known as The Audacious Project. Backed by funders including The Bill and Melinda Gates Foundation, the Dalio Foundation, the Skoll Foundation, and Virgin Unite, the project aims to deal with the fact that, as TED Curator Chris Anderson said, "Real change is expensive."
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High-Tech Healing: How Salesforce.org And Other NonProfits Are Tackling Human Crises
From data analysis that alleviates human trafficking to crowdsourcing that maps remote regions, these breakthroughs are improving lives.
- Categories
- Technology
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PayPal, Safaricom partnership enables cross-border mobile payments in Kenya
“PayPal’s collaboration with M-PESA is part of the company’s long-term strategy to enable eCommerce and democratise financial services on the African continent,” says Efi Dahan, General Manager for the Middle East, Africa and Russia, PayPal.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Pakistan’s Central Bank Tells Banks to Cut Ties to Cryptocurrencies
In a statement published on the central bank’s website, it states cryptocurrencies are not recognized as legal tender.
- Region
- South Asia
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Press release: MetLife Foundation and Verb Launch Competition to Improve Financial Health in the U.S.
The competition is open to organizations that propose innovative solutions for empowering the 57 percent of Americans who struggle financially and are unable to pay bills on time each month, build savings or manage financial shocks and emergencies.
- Region
- North America
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This Agricultural Guide On A Phone Helps Increase Developing-World Farmers’ Yields
“A lot of smallholder farmers are very poor and they wait until it’s too late because they don’t want to spend the money,” says Leesa Shrader, who leads work on DigiFarm for Mercy Corps, one of several groups developing the platform. “The cow dies and they’ve lost an $800 asset, which can be devastating to the families. With DigiFarm, they can pull the training when they want it.”
- Categories
- Agriculture, Technology
- Region
- Sub-Saharan Africa
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