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India Is Shutting Down ATMs Even as People Use Them More
India already has the fewest ATMs per 100,000 people among BRICS nations, according to the International Monetary Fund.
- Categories
- Finance
- Region
- South Asia
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New Banking Model At Play In Nigeria
Nigeria, Africa’s most populous nation, with about 190 million people, wants 80% of its citizens in the banking system by the end of 2020. The central bank reports that 36.8% of the adult population is excluded from the financial system.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Financial Inclusion in Africa To Be Boosted Following Launch Of This New Fund
In a bid to continue supporting financial inclusion in Africa, Dubai-based Investment banking advisory firm Nimai has unveiled a USD 150 Mn fund in a partnership with Kenya’s Victoria Commercial Bank .
- Categories
- Finance
- Region
- Sub-Saharan Africa
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World’s First Afro-Asia FinTech Festival to Focus on Sustainable Finance
The Central Bank of Kenya and the Monetary Authority of Singapore yesterday announced the inaugural Afro-Asia FinTech Festival. Dubbed “FinTech in the Savannah”, the theme of the Festival is “Sustainable Finance: Inclusive and Green”.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press Release: LeapFrog Breaks Impact Investing Record, with $700M (EURO 623 Million) Emerging Markets Fund
“As pioneers of commercial impact investing, our goal over the last decade has been to build truly differentiated investment vehicles, that present a compelling opportunity for top-tier investors to access emerging markets – and fulfill their financial and purpose objectives,” said Nick Moon, LeapFrog Partner and Head of Investor Relations.
- Categories
- Investing
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The Financial Inclusion Gender Gap is Wide. Which FinTechs Are Working to Narrow It?
Significantly more women than men around the world lack access to digital finance – and in some countries, the gender gap is actually getting worse. According to Alina Kaiser at DFS Lab, that's why her organization is bringing a gender focus to their own work. It's also why they're recognizing and rewarding the efforts of other organizations to tackle this gap, by launching the Female-Focused Fintech Prize. Kaiser discusses the problem and some potential solutions, and invites interested fintechs to apply for the prize – applications are open until May 15.
- Categories
- Finance, Technology
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Payments Banks: How RBI’s Move for Financial Inclusion Quickly Went Downhill
In theory, RBI wanted to extend organised banking services to those left unbanked by traditional lenders.
- Categories
- Finance
- Region
- South Asia
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Thunes Raises $10m to Make Financial Services More Accessible in Emerging Markets
The company was founded in February of this year when TransferTo, a company that provided services like mobile top-up cross-border split itself in two. Thunes is the b2b play that uses TransferTo’s underlying technology, while DT One was spun out to cover the consumer business of top-up and mobile rewards.
- Categories
- Finance
Parent Organization
