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Uganda’s Taxes on Mobile Money to Stifle Inclusion, say Financial Institutions
Proposed taxes on mobile money transactions are likely to negatively impact financial inclusion, according to a number of players involved in curbing financial exclusion.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: Mastercard and Unilever Break Down Barriers to Growth for Micro Entrepreneurs with First-of-its-Kind Digital Lending Platform
“Financial inclusion is a key enabler of the 2030 Sustainable Development Goals – lifting individuals out of poverty and supporting overall economic growth. By broadening our collaboration with Mastercard, working across sectors and including additional private and public partners, we are further expanding the positive impact of financial and economic inclusion” said Paul Polman, chief executive, Unilever.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Saving financial inclusion
I need no convincing that society requires people to be part of a formal financial system in order to thrive, nor that exclusion, whereby products and services are not available or are unaffordable, needs to be addressed. But it feels like financial inclusion has been engulfed by a focus on payments and transactions that misses its larger aim.
- Categories
- Finance
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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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From New York to Madagascar: Why I Moved My Fintech Startup to Africa
“Everyone has a plan ‘till they get punched in the mouth.” That Mike Tyson quote rang true for Sidharth Garg, who was forced to go back to the drawing board after his Manhattan-based fintech startup's chatbot failed to engage customers. But that setback soon became an opportunity: Garg explains how shifting focus from the U.S. to Madagascar set the company on a new path to growth, in the latest post in NextBillion's "Course Correction in Social Enterprise" series.
- Categories
- Finance, Social Enterprise
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bKash, Ant Financial to promote financial inclusion in Bangladesh
The partnership involves Ant Financial investing into bKash and increasing its technological capabilities, allowing it to provide greater convenience and security in mobile financial services throughout Bangladesh.
- Categories
- Finance
- Region
- South Asia
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Press release: IFC and Mastercard Expand Partnership to Drive Greater Financial Inclusion in Emerging Markets
Electronic payments help underserved people and small businesses more fully participate in the formal economy. Yet, financial institutions in emerging markets often have difficulty covering their transaction settlement obligations, making it harder to rapidly scale financial services where they are needed most.
- Categories
- Finance
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PayPal Reaffirms Its Commitment To Financial Inclusion
“We firmly believe as a company that everyone should have access to affordable, convenient, secure and low-cost financial services,” Schulman said, noting this vision does not — as some have speculated in the past — speak to an overwhelming desire on PayPal’s part to become a bank or to try to replace bank-based services.
- Categories
- Finance
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