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In Pursuit of a Cashless Africa: Learning from Nigeria’s Struggle to Accelerate its Transition to Digital Finance
The use of cash for payments is dwindling globally, while the electronic payments industry is burgeoning. As Osahon Akpata at Ecobank points out, this growth is also happening in Africa, though cash still remains king. He highlights several factors that are driving both the growth of digital finance and the ongoing usage of cash on the continent, exploring how African countries can accelerate their transition to a cashless economy — and what they can learn from Nigeria's struggles in that area.
- Categories
- Finance, Technology, Telecommunications
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Understanding Digital Public Infrastructure: What it Means — and Why it Matters — to Businesses and Governments in Emerging Markets
In recent months, there has been an outpouring of media coverage and analysis on the topic of digital public infrastructure (DPI). David Porteous, Priya Vora, Ravi Shankar Chaturvedi and Peter Rabley explore the ongoing efforts to develop a shared understanding of what DPI means, and how it can impact global digital development. They urge DPI stakeholders to look beyond narrow, government-centered use cases and existing digital systems to envision next-generation applications based on public and private sector collaboration.
- Categories
- Finance, Technology
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Mastercard Strive India Launches to Help Small Businesses Go Digital
Payments giant Mastercard has launched the Mastercard Strive India programme, which aims to help 500,000 small businesses in India go digital by 2025.
- Categories
- Agriculture, Finance, Technology
- Region
- Global
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Chapa Partners with Telegram to Revolutionize Digital Payments in Ethiopia
This partnership brings a new level of ease and efficiency to the world of e-commerce, benefiting both businesses and consumers.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Flutterwave Launches ‘Tuition’ to Enable Nigerians, African Students Abroad to Pay School Fees With Local Currency
The new product will leverage Flutterwave’s world-class payments technology solution to make school fee payments more convenient, secure, and reliable.
- Categories
- Education, Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, edtech
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Press Release: IFC Partners with Orange Bank Africa to Increase Digital Lending for Small Businesses in West Africa
According to the World Bank Group's MSME finance gap report, 63 percent of MSMEs in Senegal and 57 percent in Côte d'Ivoire experience constraints when accessing a loan or line of credit.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Analysis: India’s Digital Transformation Could Be a Game-Changer for Economic Development
India’s micro, small, and medium enterprises (MSMEs) sector faces a significant credit gap — between $250 billion and $300 billion.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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Press Release: Groundbreaking Fingo Africa App to Bring Financial Inclusion to Africa’s Youth
The new app, powered by Ecobank, is set to revolutionize financial inclusion for young people in Kenya and across Africa.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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