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Why Payment Fraud is a Critical Threat to Financial Inclusion – And How Mojaloop is Making it Worse
The next key step in financial inclusion is payment interoperability, in which digital finance providers’ networks are connected to enable transactions between users of different systems. But though interoperability has major potential for the sector, it also comes with huge risks, says Clear Purchase founder Nick Brown, an expert in payment infrastructure. He explains why a massive payment fraud attack could do substantial and long-lasting damage to the financial inclusion movement, and how an open-source platform like the Gates Foundation's Mojaloop increases the risk.
- Categories
- Finance, Technology
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Mastercard Debuts Card to Act as ID, Payment for Underserved
Members of underserved populations don’t always have credit cards. City Key is Mastercard’s effort to help cities distribute services and benefits by creating a tool that can act as an ID, payment card or access pass.
- Categories
- Finance
- Region
- North America
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MSMEs Are the Backbone of Developing Economies: New Research Shows How Digital Platforms Can Boost Their Impact
To keep pace with the growing youth population, 600 million new jobs must be created globally over the next 15 years. Micro, small and medium-sized enterprises (MSMEs) will be key to that effort, say Alina Kaiser at Caribou Digital and Annabel Schiff at the Mastercard Foundation’s FiDA Partnership. They explore how digital platforms can boost MSMEs in emerging markets, based on learnings from 27 micro-entrepreneurs in Kenya.
- Categories
- Technology
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How Blockchain Can Enable Economic Inclusion of Refugees
For Syrian and other refugees travelling to Europe, emerging blockchain-based solutions can play a vital role in facilitating labour recruitment and data exchange of jobseekers in a trusted and secure manner, enabling refugees to find a job or start a business.
- Categories
- Finance, Technology
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Trulioo Teams With Refinitiv To Bring 5B Consumers Into The Financial Mainstream
Trulioo said it is teaming with Refinitiv — operator of the World-Check Risk Intelligence database — to promote global financial inclusion and fight fraud.
- Categories
- Finance, Technology
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The Man With a Tablet for Making Aid to African Countries Better
Struck by failings in the implementation of health projects, a Mozambican entrepreneur has turned to tech for a solution.
- Categories
- Education, Health Care, Technology
- Region
- Sub-Saharan Africa
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Africa’s Biggest Mobile Operator Is Struggling to Protect Its Users’ Digital Rights
A new study shows some of the world’s biggest communications companies are still lagging behind, inadequately informing users about how their data is collected, with whom it is shared, and why.
- Categories
- Technology, Telecommunications
- Region
- Sub-Saharan Africa
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Why Data Ownership is a Bridge Across Digital Divides
Emerging markets have traditionally experienced “data poverty” – data that is inaccessible, and poorly captured, controlled and distributed. But big data sources are now serving as proxies for all kinds of information – on everything from GDP and growth to demographics and poverty. This represents a big opportunity for emerging markets to leapfrog the technical limitations faced by developed economies, writes Gavin Heaton of the company Hu-manity.co. He sees a day when lower-income citizens have the opportunity to profit from their data, rather than being subjugated by it.
- Categories
- Technology
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