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Viewpoint: Are Big Banks Really Serving Cash-Strapped Americans?
Overdraft “protection” can feel like a misnomer, as anyone who has ever been charged an overdraft fee — or a collection of them — knows. “Violation” would be a more appropriate term in many cases.
- Categories
- Finance
- Region
- North America
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African Development Bank launches Africa Digital Financial Inclusion Facility
The African Development Bank and its partners on Wednesday launched the Africa Digital Financial Inclusion Facility (ADFI), designed to aid safety and expansion of digital financial transactions in Africa.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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WorldRemit Intros Money Transfer Service for SMEs
According to WorldRemit, the new service will make it easier for local enterprises to receive payment by UK-based partners via their bank account or cash pick-up. While some banks can take up to one week to process payments, WorldRemit says its transfers to SA are processed within 24 hours or less.
- Categories
- Finance
- Region
- Europe & Eurasia
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Uber Is Pivoting to Fintech, Something Asian Startups Have Been Doing for Years
The fintech pivot has been important part of the playbook for Asian ride-hailing companies for years. India’s Ola made fintech a priority in 2015 after spinning out its payment service, Ola Money, into a standalone app, according to Tech Crunch. Indonesia’s Go-Jek started its Go-Pay service in 2016, while Malaysia’s Grab made a major push into fintech two years ago.
- Categories
- Finance, Technology
- Region
- Asia Pacific
- Tags
- fintech, startups, transportation
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How This Entrepreneur Wants To Connect Africa’s Economy To The World Using Diamonds
“If Africa manages to ride the crypto wave on time, then the opportunities are endless. They’ve already got an infrastructure self-designed to accommodate electronic money; now they just need to embrace decentralisation,” says Jeremy Dahan.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
- Tags
- cryptocurrency
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Fintech and Cleantech… an Odd Couple or a Perfect Marriage?
Startups focused on non-emitting-generation resources were once lauded as the next big cash cow, but the sector’s hype quickly got away from reality.
- Categories
- Energy, Environment, Finance, Technology
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Investors With US$2 Billion Urge Donors to Ramp up Support for Mini-Grids in Africa
Specifically, the 12 investors, which have more than US$2 billion under management, said that the missing catalyst for scaling mini-grids was an effective results-based financing (RBF) mechanism.
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MTN Introduces Africa’s ‘First’ AI Service For Mobile Money
The AI mobile money “assistant” enables customers to engage with MTN’s MoMo services, including payments, on various social media platforms such as WhatsApp and Facebook Messenger, and via SMS.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa