-
Introducing the Mobile Money Regulatory Index
The Mobile Money Regulatory Index is intended to support dialogue between regulators and mobile money providers on reforms that can promote market growth. For the development community, the Index will help identify subject areas and markets where technical assistance to governments and regulators can have the biggest impact.
- Categories
- Finance
-
Accelerating the SDGs: How Digital Finance Can Ignite Faster Progress Toward the Global Goals
With 2030 gradually drawing nearer, how can the world accelerate progress toward the Sustainable Development Goals? Global leaders discussed that question at the United Nations General Assembly last week, and according to Ruth Goodwin-Groen at the U.N.-based Better Than Cash Alliance, digital financial inclusion is emerging as a key answer. She discusses how digital financial services can be an important part of the solution for critical issues like hunger, health and climate change – and profiles a few of the growing number of governments and companies that are leading by example.
- Categories
- Finance
-
Press release: CGAP Launches Photo and Video Contest Theme for 2018: Financial Inclusion in Africa
This year CGAP is looking for original and compelling photographs and short videos that tell the story of how financial services empower poor people and communities in Africa. The region is a center for financial innovation -- home to M-Pesa, the mobile money service launched a decade ago now replicated across markets worldwide; host to vibrant FinTech and e-commerce companies; and to a growing off-grid sector that leverages digital finance.
- Source
- Press release
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Metlife launches their i3 program in Bangladesh
Regional Director for Asia at MicroSave Manoj K Sharma said: “Although the mobile financial services in Bangladesh have been very successful, it is time to build upon this success story and translate it into a larger play around financial inclusion.”
- Categories
- Finance
- Region
- South Asia
-
World Bank evaluates Somalia’s vibrant mobile money market
Somalia’s economy is projected to grow at an annual rate of 3-4%, according to the third Somalia Economic Update compiled by the World Bank.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech
-
From Financial Inclusion to Employment: Four Ways Superplatforms Will Shape Africa’s Future
Perhaps surprisingly, young people in sub-Saharan Africa and other low-income countries haven't embraced digital payments to the extent of their older peers. But that may be changing as "superplatforms" like Alibaba and Facebook – which can leverage their data and tech capabilities over multiple sectors – emerge in the region. David Porteous and Amolo Ng’weno of BFA and Olga Morawcynski of Mastercard Foundation discuss four ways these tech platforms will shape youth employment, financial inclusion, digital identity and other fields.
- Categories
- Finance, Technology
-
Fintech Predicted to Contribute $150 Billion to Africa’s GDP by 2022
“If you look at the value chain, most of that money is coming out of mobile-phone companies,” Osano said. “So from the other support services the contribution is not much, but is expected to increase as fintech develops to address the financial needs of people or making services more accessible.”
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
-
Press release: FINCA Impact Finance and KfW Announce USD 8.5 Million Subordinated Loan Facility for Democratic Republic of Congo
FINCA Impact Finance is furthering its strategy of diversifying its sources of funding to pursue digital transformation and promote financial inclusion through mobilizing deposits and local currency debt funding. In the past year, it has attracted worldwide attention and interest from the investment community after issuing bond offerings in its subsidiaries in Pakistan, Nicaragua and Armenia, allowing greater flexibility to manage foreign exchange and geographic risks.
- Categories
- Finance
- Region
- Sub-Saharan Africa