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Kenya’s Wapi Pay Raises $2.2 Million Pre-Seed for Cross-Border Payments Between Africa and Asia
Wapi Pay will use the investments to engage regulators for licensing across Africa and for scale, product and geographical expansion.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Press Release: US $290 Million in Additional Financing to Support Vulnerable Households and Workers Affected by COVID-19 in Jordan
The World Bank has approved additional financing for the Emergency Cash Transfer COVID-19 Response Project to provide cash support to poor and vulnerable households and workers affected by the economic impact of the COVID-19 pandemic in Jordan.
- Categories
- Coronavirus, Finance
- Region
- North Africa & Near East
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Accel-Backed Mobile Money Platform Nala to Start Offering Remittance Services to East Africa
In Tanzania, mobile money services can be relatively difficult to use due to unstable internet and high service fees.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- cash transfers, fintech, remittances
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Rise Fund to Invest $200 Million in Airtel Africa Mobile Money Business
The Transaction is the latest step in the Group's pursuit of strategic asset monetization and investment opportunities, and it is the aim of Airtel Africa to explore the potential listing of the mobile money business within four years.
- Categories
- Finance, Investing, Telecommunications
- Region
- Sub-Saharan Africa
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Social Protection Goes Digital: Lessons From an Innovative, WhatsApp-Driven Outreach Campaign in Paraguay
The COVID-19 lockdown has reshaped social policy in Paraguay, as programs that depended on face-to-face contact to reach participants suddenly found themselves unable to conduct their usual outreach. Cristina Heisecke, Carolina de Miranda and Mauricio Royg of Fundación Capital share lessons from an innovative solution to this challenge: a digital campaign that used WhatsApp to offer a remote alternative to the in-person training and coaching of the country's flagship cash transfer program.
- Categories
- Coronavirus, Finance, Social Enterprise, Technology
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Ethiopia Sees Jump in Mobile Payments Despite COVID-19
COVID-19 has created many disruptions in Ethiopia this year, impacting both merchants and consumers. The World Health Organization warned that paper currency can risk spreading the virus, and encouraged adoption of digital payments as a safer alternative.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Paypal’s Xoom Offers Money Transfers to Mobile Wallets in 12 African Countries
Xoom, PayPal’s money transfer service, has announced that the company’s customers in the US, UK, Canada and Europe can now send secure and convenient money transfers directly to mobile wallets in key markets across Africa with a focus on the underbanked segment.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- cash transfers, fintech
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Press Release: Mobile Money Adoption Within IDP Camps in Somalia Provides Unlikely Blueprint for Navigating COVID Pandemic
Internally displaced people’s (IDP) camps are relying upon Somalia’s intricate mobile money infrastructure to navigate the COVID-19 pandemic. Accelerating the adoption of mobile money by IDPs across Somalia has been shown to be effective in mitigating the risk of the COVID-19 spreading while providing rapid fund delivery.
- Categories
- Coronavirus, Technology, Telecommunications
- Region
- Sub-Saharan Africa