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Remittances to Mexico Surge to Record High in March
Mexico received $4.02 billion in remittances from abroad in March, a 36% increase from the $2.96 billion in March 2019, the Bank of Mexico figures showed.
- Categories
- Finance
- Region
- Latin America
- Tags
- remittances
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South Sudan’s M-Gurush Joins Mobile Money Remittance Business
The launch of this remittance service comes at a time where digital money transfer services such as mobile money and electronic banking are being supported by various governments as a way to curb the spread of COVID-19.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Small Businesses in Emerging Markets Need Alternative Financing Options
This lack of resources exists worldwide, with the most substantial finance gap in the East Asia and Pacific region, followed by Latin America and the Caribbean. SMEs in emerging markets need alternative methods to secure the financing necessary to sustain their businesses.
- Categories
- Coronavirus
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Press Release: Grameen America Launches Economic Relief and Recovery Fund for Low-Income, Women Small Business Owners in the Wake of COVID-19
Nonprofit microfinance organization Grameen America today announced that it has launched the Grameen America Economic Relief and Recovery Fund, with the goal of raising $72 million to provide essential capital and support to the low-income women entrepreneurs the organization serves.
- Categories
- Coronavirus
- Region
- North America
- Tags
- microfinance, nonprofits
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New Alliance Launched at WEF to Help Social Entrepreneurs Overcome Impacts of COVID-19
Forty leading global organizations have united to launch the COVID Response Alliance for Social Entrepreneurs, pooling knowledge, experience and responses to alleviate suffering and advance new models of change for a more inclusive, equitable and sustainable world.
- Categories
- Coronavirus
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Why COVID-19 Could Delay Interswitch, Africa’s Next Big IPO
The tech firm’s path from startup to IPO aspirant traces back to the vision of founder Mitchell Elegbe, a Nigerian electrical engineering graduate whose entire career has pretty much been Interswitch.
- Categories
- Coronavirus, Technology
- Region
- Sub-Saharan Africa
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Mobile Marketing Experts Show How Fintech Apps Will Emerge Fighting Fit From The Covid-19 Crisis
Interest in and comfort with mobile finance was strong ahead of the crisis, with the sector showing an impressive growth trajectory that started last year.
- Categories
- Coronavirus, Finance
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African Fintech Firm Flutterwave launches SME E-Commerce Portal
The service will start in 15 African countries and the only fees Flutterwave will charge (for now) are on payments. Otherwise, it’s free for SMEs to create an online storefront and for buyers and sellers to transact goods.
- Region
- Sub-Saharan Africa
- Tags
- e-commerce, fintech, startups
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