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Press release: CGAP Launches New Five-Year Strategy
In addressing the CGAP Annual Meeting, CGAP CEO Greta Bull said: "Our new strategy Is centered around helping poor people adapt to the disruptive forces in an increasingly digital world. Poor people know that financial services can help them manage their lives more securely. It is our job to make sure that we make financial services available, affordable and useful so that poor people can capture opportunities and build resilience."
- Categories
- Finance
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China’s Ant Financial raises $10 billion at $150 billion valuation
Ant’s first fundraising targeting global money values the firm at $150 billion, the people said, compared with about $60 billion after its previous fundraising in April 2016.
- Categories
- Finance
- Region
- Asia Pacific
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Press release: Lidya Raises $6.9 Million in a Series A Round Led by Omidyar Network
Lidya, the digital financial services platform focused on improving access to credit for micro-, small-, and medium-sized enterprises (MSMEs) in Africa, today announced that it has raised $6.9 million in a Series A investment round, one of the largest in Nigerian tech history
- Source
- Press release
- Region
- Sub-Saharan Africa
- Tags
- digital finance, fintech, MSMEs
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PayPal Joins Indonesian Venture Firm to Develop Fintech Startups
PayPal Holdings Inc. is teaming up with Indonesian venture-capital firm Alpha JWC Ventures to back emerging financial technologies that can be developed for Southeast Asia.
- Region
- Asia Pacific
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Viewpoint: Lessons from China’s mobile payments revolution
There is no disputing that China is ahead of the rest of the world in mobile payments. What insight does it offer U.S. bankers?
- Categories
- Finance
- Region
- Asia Pacific
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Is Universal Financial Access Still Possible?
The most recent Global Findex survey shows 515 million adults have opened bank accounts since 2014. While that's good progress, Daniel Monehin, who heads Financial Inclusion for Mastercard, points out that owning an account is just the first step towards financial inclusion - the real value comes with being able to use it in a safe and convenient way. That's why universal financial access must go hand-in-hand with efforts to drive usage, writes Monehin, who urges the sector to focus on people, products and partnerships.
- Categories
- Finance, Technology
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A Test Case for Digital Leap-Frogging: What the Financial Inclusion Community Can Learn from Vietnam
With its rapid economic expansion, large unbanked population, high mobile penetration and progressive regulations, Vietnam has the potential to leap-frog over brick-and-mortar banking and arrive directly at the forefront of digital finance. Krishna Thacker of MetLife Foundation in Asia profiles an emerging innovator in the country's mobile payments space, and explores lessons learned in driving the uptake of digital financial services.
- Categories
- Finance, Technology
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Digitizing the Base of the Pyramid: The Impact of Bringing Digital Finance to Last-Mile Farmers
Only 5 percent of Rwanda’s dairy farmers have access to credit, due in part to their lack of proof of income and inability to build a financial history. That’s why N-Frnds, a cloud-based software platform, partnered with the Rwandan government to digitize the milk collection process. Alyssa Mesich of N-Frnds recounts how the partnership has impacted milk production and boosted financial inclusion – results that suggest the vast potential impact of digitizing value chain-based financial services for last-mile farmers globally.
- Categories
- Agriculture, Finance, Technology
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