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Bill & Melinda Gates Foundation announces $170 mln investment to boost women’s economic empowerment
The investments, focussed in India, Kenya, Tanzania and Uganda, are aimed at advancing gender equality, spreading digital financial inclusion, increasing job opportunities, and supporting the agricultural sector
- Categories
- Investing
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Launch of the 2017 State of the Industry Report on Mobile Money
With 690 million registered accounts worldwide, mobile money has evolved into the leading payment platform for the digital economy in many emerging markets.
- Categories
- Finance
- Tags
- digital finance, fintech
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Pakistan Post, National Bank of Pakistan sign a Memorandum of Understanding to boost digital financial services
Pakistan Post and National Bank of Pakistan signed a Memorandum of Understanding (MoU) here at ECO Postal Staff College Auditorium to boost Digital Financial Services in the country through a huge network of 12,000 Post Offices countrywide as well as to achieve the target of the State Bank of Pakistan for strengthening National Financial Inclusion Strategy extending Digital Financial Services to 50% population of Pakistan by the year 2020.
- Categories
- Finance
- Region
- South Asia
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Can Amazon Go help the unbanked go digital?
From a turnstile entrance that identifies shoppers by scanning their smartphones to tracking cameras that know what is pulled from each shelf, Amazon Go bills itself as the shopping experience of the future.
But where do the working poor fit into such a future? Or otherwise underserved and rural communities that may not have access to internet connections, smartphones or even checking accounts?- Categories
- Technology
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Mercy Corps and Mastercard Take Fintech to Farmers
Humanitarian agency Mercy Corps is partnering with Mastercard Foundation to push for adoption of technology to benefit millions of small-scale Kenyan farmers for better food production and ending perennial shortages.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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Kenya: Mobile money interoperability to launch in March 2018
Interoperability will also present consumers with choices of services and not being locked into one service or mobile network, given how costly it has been to transfer money between mobile money services.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Digital transactions on the rise in India – but fall drastically short of 25-billion target
Only about 14.8 billion digital transactions were undertaken across India from April 1 to January 28, show data sourced from the ministry of electronics and IT (MeitY). This includes bank-to-bank electronic money transfers, digital wallet payments, Aadhaar-based and electronic toll payments.
- Categories
- Finance
- Region
- South Asia
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World Economic Forum tackles financial inclusion
"Financial inclusion is at a turning point. Due to advances in technology, the unprecedented advent of transactional and behavioural big data and greater multi stakeholder collaboration, there is a realistic opportunity to reach the financially excluded - estimated to be two billion - and the many more who are underserved", the group says in a report.