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India Unseats China as Asia’s Top Fintech Funding Source
Like China, India’s enthusiasm for finance technology is in part a result of the country’s lack of financial infrastructure. Lending startups are gathering steam as they, like their Chinese counterparts, tailor services to the country’s large unbanked and underbanked consumers and enterprises.
- Categories
- Finance
- Region
- South Asia
- Tags
- digital finance, fintech, startups
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WorldRemit Is Working With Paga to Roll out International Digital Money Transfers in Nigeria
WorldRemit is expanding its service offering beyond bank transfer and airtime top-up to include mobile money service. The partnership with Paga will allow WorldRemit customers in over 50 countries to send money directly from their phones to 11 million Paga mobile money accounts in Nigeria.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: We Need to Talk About Credit
In the past five years, we have seen a lot of change in how credit markets are developing, not least because of the rapid growth in digital credit associated with mobile financial services. But how much do we actually know about digital credit? And how does it relate to other types of credit in the markets we care about? How is this new availability of credit contributing to the ability of low-income people to seize opportunities and manage risks?
- Categories
- Finance
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Speculating on the Future of Financial Inclusion: Predictions, Solutions (and Warnings) for the Next 20 Years
We live in extraordinary times: In the next 20 years, futuristic technologies like drones, driverless cars, virtual reality and robotics will transform communities and entire industries. Meanwhile, says MSC founder Graham Wright, breakthroughs in areas like artificial intelligence, big data and mobile connectivity will have a similar impact on financial inclusion. Wright makes some bold predictions, and highlights the trends and technologies that are likely to play important roles in the sector’s development.
- Categories
- Finance, Technology
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Gates Foundation’s Mojaloop Finance Code Gains in Africa And Asia
Mojaloop will make payments faster, and through its centralist directory, more secure, said DFS.
- Categories
- Finance, Technology, Telecommunications
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India’s ZestMoney Raises $20m to Grow Its Digital Lending Service
The round is led by Quona Capital, a stealthy Washington-based fund that invests in emerging market fintech and has an office in India.
- Categories
- Finance, Technology
- Region
- South Asia
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Cambodia, Singapore In Cross-Border FinTech Pact
The banks have also agreed to share data on emerging markets. The MOU dictates that the banks will train FinTech startups with an eye on cross-border transactions.
- Categories
- Finance
- Region
- Asia Pacific
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This new form of currency could transform the way we see money
CBDC may be issued for general use (“retail” CBDC) for peer-to-peer payments and payments from consumers to merchants; or for use by commercial banks and clearing houses (“wholesale” CBDC) for more efficient interbank payments that occur outside traditional correspondent banking and other payment systems.
- Categories
- Finance