-
How Blockchain Is Kickstarting the Financial Lives of Refugees
Finland’s digital money system for asylum seekers shows what blockchain technology can offer the unbanked.
- Categories
- Technology
- Region
- Europe & Eurasia
- Tags
- blockchain, fintech, refugees
-
Rise of pan-African banking could raise between $490-$950bn in additional credit for sub-Saharan Africa
To date, Sub-Saharan Africa (SSA)’s financial sector remains relatively small and underdeveloped. However, African banks have started to expand their footprint across Sub- Saharan Africa. The number of cross border subsidiaries of African banks has almost tripled since 2002 and there are now ten pan-African banks (PABs) with a presence in at least ten SSA countries, and one with a presence in over 30 SSA countries.
- Categories
- Uncategorized
- Region
- Sub-Saharan Africa
-
Report says India is about to overtake China’s fintech
At more than twice the global average, China is currently the world leader in fintech service adoption, but current second-place India is expected to surpass its neighbor according to a report by EY (formerly Ernst & Young), a global accounting and consulting firm.
- Categories
- Technology
- Region
- Asia Pacific
- Tags
- digital payments, fintech
-
Aadhaar Pay yet to find base in India
Going beyond knowing your customer (KYC) application, have payments via Aadhaar taken off? According to recent figures, a majority of Indians are still using Aadhaar only for e-KYC verification and not day-to-day payments.
- Categories
- Technology
- Region
- South Asia
-
$1.5 Billion Microgrid Market Opportunity Emerges in Kenya
A confluence of innovation, risk taking, and public and private effort has created a five-year, $1.5 billion microgrid market opportunity in Kenya, leading Germany’s TFE Consulting to dub the East African nation, “The World’s Microgrid Lab.”
- Categories
- Energy
- Region
- Sub-Saharan Africa
-
Fintech can cut remittance costs to a fraction
An estimated 800m people around the world are now directly reliant on remittances. According to research by the International Fund for Agricultural Development, global remittances to developing countries increased by 51% between 2007 and 2016 to reach almost half a trillion dollars a year – although the number of migrant workers from the countries in question rose by only 28% over the period in question.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, remittances
-
The gap between India’s richer and poorer states is widening
East Asia’s growth pattern has for decades been likened to a skein of geese, from Japan at the vanguard to laggards such as Myanmar at the rear. The same pattern can often be seen within big countries. Over the past decade, for example, China’s poorer provinces have grown faster than their wealthier peers. India is different. Far from converging, its states are getting ever more unequal. A recent shake-up in the tax system might even make matters worse.
- Categories
- Technology
- Region
- South Asia
-
The low-cost device saving newborns in India
Birth asphyxia – lack of oxygen – is the cause of 20% of newborn deaths in India. A simple piece of equipment is helping revive babies and prevent long-term damage.
- Categories
- Health Care, Technology
- Region
- South Asia
Subscribe to Our Weekly Newsletter, "NextBillion Notes"
Published each Wednesday, our e-newsletter features NextBillion's latest original articles, along with a selection of news, jobs, bizdev opportunities and events from our recent coverage — and regular conference ticket giveaways.
We respect your privacy. Your information is safe and will never be shared.
Don't miss out. Subscribe today.