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GSMA and WFP Launch Mobile Money Program to Distribute Disaster Relief
The GSMA will be working with the United Nations World Food Programme (WFP) to provide civilians with financial relief during humanitarian crises. Examples include pandemics and natural disasters, although the program is not limited to those specific situations.
- Categories
- Coronavirus, Technology
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How Africa’s Biggest Telecom Companies Are Diversifying Their Revenue Streams
Over the last few years, Africa’s biggest telcos have been diversifying their revenue away from voice services. But the pandemic shows they still have more to do.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
- Tags
- data, telecommunications
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10 Startups Named Finalists of Ecobank Fintech Challenge
10 startups have been named finalists of the third edition of the Ecobank Fintech Challenge, which gives startups the opportunity to promote their fintech solutions and potentially roll out across the bank’s 33 markets.
- Categories
- Finance, Technology
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Analysis: Could Digital Currencies Make Being Poor Less Costly?
Blockchain-based payment systems can bring the more than 1.7 billion people who are unbanked or underbanked (including 25% of U.S. households), into the formal economy. And in doing so, they can render obsolete the expensive, usurious payment and informal financial services those people use to make ends meet.
- Categories
- Finance, Technology
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Kenya’s Mobile Money Use Surges on COVID-19 Prevention Measure
The use of mobile money in Kenya has surged to a new high boosted by one of the measures declared by the government in the war against COVID-19.
- Categories
- Coronavirus, Finance, Technology
- Region
- Sub-Saharan Africa
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Liberia: MTN Liberia Launches International Remittances Direct to Mobile Money Accounts
Lonestar Cell MTN, one of Liberia's leading GSM and Mobile Financial Services companies, announces that, as of August 3, 2020, Mobile Money customers can receive money from their family and friends anywhere in the world directly to the MoMo accounts, free of charge with the launch of International Remittances.
- Categories
- Finance, Technology
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COVID Coin?
The COVID-19 pandemic is accelerating the long-term shift away from cash, and monetary authorities risk falling behind. A recent report from the G30 argues that if central banks want to shape the outcome, they need to start thinking fast.
- Categories
- Coronavirus, Finance, Technology
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Analysis: This Is How COVID-19 Is Affecting Informal Workers
There are more than 2 billion people working informally, according to the International Labour Organization (ILO). That’s around 62% of the global workforce. And they’re at the greatest risk from the economic fallout created by the coronavirus pandemic.
- Categories
- Coronavirus
- Tags
- employment