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Orange Extends Africa Remittance Links
Orange added Morocco and Burkina Faso to the list of mobile money destinations its customers in France can remit funds directly to, a move it stated would cut consumer costs and increase the speed of transactions between the markets.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance
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Stronger Together: Why MIX and the Center for Financial Inclusion are Joining Forces
Yesterday came news that two key players in financial inclusion are joining forces: MIX, for nearly 20 years the chief data resource for inclusive finance, and the Center for Financial Inclusion, a leading independent think tank housed at Accion. Tillman Bruett at DAI and Greta Bull at CGAP discuss the significance of this merger for the organizations and the sector.
- Categories
- Finance
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Press Release: Impact of COVID-19 on the Online Payment Methods Market in the Middle East & Africa
According to the report, cash on delivery was the leading payment method preferred by online shoppers in Saudi Arabia, Jordan, Egypt, Morocco, Kenya, and other countries in this region, as of 2019. The COVID-19 outbreak in early 2020, however, is changing this perspective.
- Categories
- Coronavirus, Finance, Technology
- Region
- North Africa & Near East
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An Unlikely Mobile Money Success Story: How Somalia’s Civil War Laid the Foundation for a Cashless Society
Somalia has been ravaged by civil war, and the repercussions of the conflict continue to this day. Yet out of this violence and economic turmoil, a thriving mobile money ecosystem has emerged. According to Ahmed Muhamud Yuusuf at Hormuud Telecoms, the country has become the world’s first truly cashless economy. He explores the many positive impacts this accomplishment has had.
- Categories
- Finance, Technology, Telecommunications
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Press Release: Wave Money And Ant Financial Services Group Forms Strategic Partnership
The Myanmar Government plans to increase financial inclusion in the country from its current 48% to 60% by 2023.
- Categories
- Finance
- Region
- Asia Pacific
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When Digital Payment Goes Viral: Lessons from COVID-19’s Impact on Mobile Money in Rwanda
Cash can help spread COVID-19, so some African countries have ramped up efforts to expand digital payments to fight the virus. According to Isabelle Carboni and Hennie Bester at Cenfri, this imperative to digitize is one of the key opportunities to emerge from the pandemic. They explore the early experiences of Rwanda, in assessing the impact these efforts can have.
- Categories
- Coronavirus, Finance
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Google and Gates Foundation to Help Spread Digital Payments in Developing Countries
The initiative would help tie together a growing array of digital financial services.
- Categories
- Finance, Technology
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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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