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Indian Digital Payments Giant Paytm to Offer Additional Financial Services after Acquiring Raheja QBE, an Insurance Business
India has become a leader in supporting digital payments adoption. The $2 to $3 trillion economy is projected to be ranked among the top 5 countries in the world in terms of GDP by 2030.
- Categories
- Finance
- Region
- South Asia
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Press Release: GSMA Launches Mobile Money Interoperability Test Platform Driving Financial Inclusion in Africa
For over a decade, mobile money has been driving financial inclusion, opening access to digital transactions and giving people the tools to better manage their financial lives. Today, there are more than a billion registered mobile money accounts globally, spread across 290 mobile money deployments that are live in 95 countries.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Visa On The Role of ‘Super Apps’ In Driving Emerging Market Growth
Bringing digital finance to emerging markets like MENA is crucial, as micro merchants of one to two people, often underbanked or unbanked, drive these regional economies. Many are from one country and working in another, sending money cross-border to people back home.
- Categories
- Finance, Technology
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The Power of Local Women: An Innovative Social Capital Model Addresses Rural Financial Inclusion in India During COVID-19
To reduce the economic impact of COVID-19, the Indian government has transferred money into women’s bank accounts. But as Prabhat Labh at Grameen Foundation India and Sourajit Aiyer at South Asia Fast Track Sustainability Communications point out, the rural population often struggles to access those funds. They explore how the Grameen Mitra model leverages a network of village-based women to get cash transfers to where they're needed most.
- Categories
- Coronavirus, Finance
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Alibaba Cloud, Fintech Academy, Pfizer Accelerate Apac Healthcare Innovations
The startups selected under this alliance will receive 'infrastructure support and technological expertise from Alibaba Cloud, talent development and venture building support from Fintech Academy and scientific and commercialization knowledge from Pfizer'
- Categories
- Finance, Health Care
- Region
- Asia Pacific
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Digital Financial Inclusion in the Times of COVID-19
The COVID-19 pandemic could be a game changer for digital financial services.
- Categories
- Coronavirus, Finance
- Region
- Sub-Saharan Africa
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Viewpoint: The Importance of Digital Microfinance for Emerging Markets in a COVID-19 World
Digital products and features that speak directly to customer needs are most likely to have an impact, particularly during a time when we’re seeing a spike in digital inquiries as a result of the stresses and concerns prompted by the pandemic. Real-time advice and quick access to practical solutions that enable quick action are among the most direct routes to improved financial health during an increasingly challenging time.
- Categories
- Coronavirus, Finance
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Why It’s Time for Africa to Adopt a Regional Digital Financial Identity
Over 1 billion people globally lack any form of officially recognized identification. According to Nkosinathi Ncube at FinMark Trust, this is a significant obstacle to financial inclusion and other development efforts – but overcoming it is no easy task. He explores some of the challenges to expanding access to formal identity in Africa, and explains why an effective solution will require regional action.
- Categories
- Finance, Technology