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A Sector in Ruins or ‘Building Back Better’? Findings From e-MFP’s Covid-19 Financial Inclusion Compass
With the COVID-19 pandemic and the global recession it has triggered, the financial inclusion sector is facing perhaps the greatest crisis in its modern history. In response, the European Microfinance Platform repurposed this year's Financial Inclusion Compass survey for this critical moment. Sam Mendelson discusses the results, and what they say about the sector's priorities, challenges and prospects for recovery.
- Categories
- Coronavirus, Finance, Investing
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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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Analysis: How Can Digital Financial Services Help a World Coping With COVID-19?
The global economy will likely contract by over 5 percent in 2020 due to the impact of COVID-19, according to the recently released Global Economic Prospects. The deepest global recession in eight decades is sending hundreds of millions into poverty, and recovery appears to be far off. Still, the crisis has encouraged incentives for economic transformation and adoption of digital business models, including increased use of digital financial services (DFS).
- Categories
- Coronavirus, Finance, Technology
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South African Telecom Operator Telkom Moves into Financial Services
South Africa’s telecom operator Telkom has branched into the competitive space of financial services by launching a life insurance business that it said will initially sell funeral insurance.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Open Banking Set to Drive Africa’s Financial Inclusion
The financial sector in Africa has already witnessed tremendous disruption driven by technologies such as mobile banking, which has played a major role in expanding financial inclusion.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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The Future of Microfinance: An Interview With Ira W. Lieberman
Though its profile is somewhat lower than in its heyday, microfinance remains a relevant player in the development sector, supporting some 200 million people worldwide. A new book, “The Future of Microfinance,” contemplates the industry's tumultuous evolution and future development. NextBillion spoke with Ira W. Lieberman, a co-editor of the book, to discuss its thought-provoking insights.
- Categories
- Finance
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Analysis: Africa’s Mobile Banking Will Be Redefined by Social Media
The COVID-19 pandemic has precipitated a race among African Banks to become fully digital as consumers increasingly demand more personalised service across multiple channels.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
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UK Government Aims Fintech Industry at Africa
UK government is building fintech relationships with developing countries, beginning with a pilot programme in Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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