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Facebook’s Libra May Target Latin America First
“Latin America is going to be on of the easiest markets for Facebook to test Libra,” said Anouk Pinchetti, a digital currency consultant, adding that Facebook may choose a Latin American country as its first expansion market. “Western Union is viewed as too costly for remittances and there is great proximity to the U.S. and Silicon Valley.”
- Categories
- Finance
- Region
- Latin America
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Viewpoint: To Solve the World’s Problems, the Global Development Community Turns Towards the Private Sector
Global capital markets hold more than $200-trillion in assets, and an allocation of just 1 per cent of these assets toward the SDGs would go a long way.
- Categories
- Finance
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Press Release: BBVA and Fibra Uno Sign Latin America’s First-Ever Sustainability-Linked Revolving Credit Line
BBVA served as sole sustainable agent in the first syndicated revolving credit facility in Latin America, signed with Fibra Uno, a strategic client for the bank. The transaction is also the first sustainable transaction by a real estate business in the region and the first facility to be arranged in accordance with the ‘Sustainability-Linked Loan Principles’ in Latin America.
- Categories
- Finance
- Region
- Latin America
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New Mobile-To-Mobile Digital Payment Service Launched in Africa
WorldRemit’s mobile-first digital model is said to save customers time and money as they don’t need to visit a money transfer agent to send funds home to their loved ones.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Immigrants Should Do More Than Just Send Money Home
Remittances are OK, but there’s no substitute for investment, growth and economic development.
- Categories
- Finance
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Why South Sudan Mobile Cash Is a Game Changer
Zain launched the first mobile money service in the country after persistent reports made a case for it, noting that it is the most plausible way to bridge financial inclusion gaps. A negligible number of the country’s population own bank accounts.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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A Power Outage and Mobile Money Blackout Expose the Vulnerability of Zimbabwe’s Economy
In what seems like a never-ending cycle of misery for ordinary Zimbabweans in the last year, it is likely there will be more power cuts and ultimately more economic disruption due to the country’s currency troubles and—now, climate change.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Ethiopia Offers New Hope for Phone Providers With African Dreams
As part of an ambitious reform program, the government of Prime Minister Abiy Ahmed plans to award telecommunications licenses to two private operators next year, and sell a minority stake in Ethio Telecom.
- Categories
- Finance, Technology, Telecommunications
- Region
- Sub-Saharan Africa