-
How Coronavirus Slashed Trips to Kenyan Atms to an All-Time Low in April
In April, the value of money transacted through cards and point-of-sale machines declined by a third to Sh35.2 billion from Sh52.1 billion in March.
- Categories
- Coronavirus, Finance
- Tags
- financial health
-
Western Union in Frame for Moneygram Buy
Remittance giant Western Union became the latest name linked with a buyout of rival MoneyGram, which has been the subject of numerous acquisition attempts in the last four years.
- Categories
- Coronavirus, Finance
- Region
- North America
-
Kenya’s Safaricom to link its M-Pesa platform with Visa’s network
Visa and Safaricom have agreed a deal which will connect the Kenyan telecom operator's M-Pesa financial services platform with Visa's global network of merchants and cards.
- Categories
- Finance
-
China and India Reportedly Have Highest Fintech Adoption Rate, but New VC Funds Mainly Focused on Revenue-Generating Fintechs
Efi Pylarinou, a Fintech and Blockchain Advisor based in Switzerland, notes that funding is “on everybodys’ mind,” which might particularly be true for early-stage startups that have not yet acquired a significant user base.
- Categories
- Finance
-
Cash, Long a Refuge in Uncertain Times, Now Under Suspicion
This time cash itself, passed from hand to hand across neighborhoods, cities and societies just like the coronavirus, is a source of suspicion rather than reassurance.
- Categories
- Coronavirus, Finance
-
Press Release: Mastercard Commits $250 Million To Support Small Business’ Financial Security
As part of the commitment, the company will provide U.S. small business owners with access to necessary resources to help protect their business and their employees through free cyber vulnerability assessments and identity theft protection for the 28 million small businesses eligible to participate in the Small Business Administration’s Paycheck Protection Program. Leveraging its data and insights, Mastercard will provide U.S. small business owners access to its Local Market Intelligence™ solution in order to help them understand consumer spending trends in their communities.
- Categories
- Coronavirus, Finance
- Region
- North America
- Tags
- financial health
-
Financial Health and the Coronavirus: Another Failure to Prepare
Even before the coronavirus crisis, global financial health was surprisingly precarious, with many people unprepared to weather a significant financial shock. As Elisabeth Rhyne points out, this issue is becoming painfully clear now that the pandemic is causing mass disruptions in income and employment. She explores the lasting consequences this will have, and calls on policymakers to provide relief now – and to make financial health an urgent priority going forward.
- Categories
- Finance