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Sierra Leone launches competition on financial inclusion
The Sierra Leone FinTech Challenge 2019-2020 aims to harness the growing digital economy in order to develop and test innovative solutions as a way to leapfrog access to finance, and consequently build out government and private sector platforms to operationalize the benefits of the digital economy, the partners said in a joined statement published on Friday.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Report: Mobile cash transactions averaged Sh15 million per minute in Kenya in 2018
The most recent data by the Communications Authority shows mobile money transactions for the October-December period rose by Sh337 billion to Sh2.1 trillion as mobile wallets become the more preferred mode of payment.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Report: New mobile money propositions have the potential to reduce the world’s unbanked population by more than a third
“Simply providing access to financial services is not enough. To achieve any real impact, people also need to become active users of financial products.”
- Categories
- Finance, Technology
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M-Pesa Bank? Members of Parliament seek Central Bank regulation
If MPs have their way, the telecommunications regulator, the Communications Authority of Kenya (CA), will be compelled to ensure that mobile money services like Safaricom’s M-Pesa, Airtel Money and Telkom’s T-Kash are licensed as banks.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Zambia looks to link up mobile money operators
The NFS is being established under the National Payment System with the aim of linking with other payment systems (individual operators' payment systems) without undue restrictions.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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This Mobile App Backed by Jack Ma Is Mimicking Ant Financial
Mynt, the Philippine mobile payments operator backed by billionaire Jack Ma’s Ant Financial, plans to roll out insurance products en route to becoming a sprawling financial services platform in its Chinese ally’s image.
- Categories
- Finance
- Region
- Asia Pacific
- Tags
- digital finance, fintech
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Press release: OPIC’s 2x Women’s Initiative Surpasses $1 Billion Goal
Launched publically one year ago during Women’s History Month, OPIC’s 2X Women’s Initiative aims to unlock the multi-trillion dollar opportunity women represent by catalyzing investment in projects that support the world’s women. As part of the initiative, OPIC committed to mobilizing $1 billion to business and funds owned by women, managed by women, or providing a product or service that intentionally empowers women.
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U.S. Democrats push financial inclusion as 2020 election race heats up
Following the 2008 financial crisis, many banks pulled back from their poorest customers. The shift has had lasting costs for millions of Americans now struggling to access mainstream financial services such as checking accounts and credit cards.
- Categories
- Finance
- Region
- North America