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South African fintech JUMO secures first two commitments in new funding round
The startup’s platform helps facilitates digital financial services such as credit and savings in emerging markets.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, startups
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India’s Banking Revolution Has Left Its Villagers Behind
Because Modi’s government effectively forced poor citizens into the banking system by linking some welfare benefits to bank accounts, villagers have ended up stuck in long queues and struggling with ATMs that often run out of cash or break down.
- Region
- South Asia
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China takes a swipe at the fintech sector
Beijing has spent years sitting back and encouraging its powerful fintech firms to create and innovate. But it is starting to crack down on parts of an industry that it feels may have grown too far too fast, starting with peer-to-peer lenders.
- Categories
- Finance
- Region
- Asia Pacific
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Kenyans start paying more for mobile money transactions following tax increase
Safaricom, which runs the popular mobile money service Mpesa, on Saturday, informed its customers that starting Sunday, its tariffs would go up.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Survey: How to Move India’s Small Merchants toward Digital Financial Services
The Center for Inclusive Growth recently collaborated with IFMR LEAD, a prominent Indian research institute, to conduct a five-city survey of 547 micro business owners in India to understand their needs and the challenges they face in adopting digital transactions.
- Categories
- Finance
- Region
- South Asia
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Global alliance launches guidelines for fintech investors
The Guidelines for Investing in Responsible Digital Financial Services have been launched by an international network of over 50 fintech investors and innovators, aiming to promote fintech funding by providing a framework for evaluating investment opportunities and risks.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Global fintech investors team up to promote responsible digital finance
While the opportunities have increased, so too have the risks surrounding digital financial services for investors, investees, customers and wider digital ecosystems across markets and regions.
- Categories
- Finance
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Phone becomes a throw-in for mobile wallet app in South Africa
MyBucks, a company headquartered in Luxembourg that publicly trades in Frankfurt, was founded in 2011 to make microloans to small businesses.
- Categories
- Finance
- Region
- Sub-Saharan Africa