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Why Mobile Money Growth Remains Stunted in Nigeria
The Central Bank of Nigeria (CBN) published the Financial Inclusion Strategy (FIS) setting financial inclusion target of 80 percent realisation this year. Due to challenges within the system, the apex bank revised it last year to 95 percent by 2024. Mobile money, a veritable tool for achieving this ambitious goal, remains in the limbo because of certain factors.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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The UN Development Goals Are ‘Seriously off Track,’ an Expert Says
Reducing inequality within and among countries is a Sustainable Development Goal that is not progressing, as evidenced in demonstrations that erupted in many parts of the United States and abroad this year.
- Categories
- Coronavirus, Education, Impact Assessment
- Tags
- financial inclusion, SDGs
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Avoiding Another Crash: How Global Standards Set after the 2008 Crisis Prepared the Financial System to Weather COVID-19
International standard-setting bodies have been working to strengthen global financial stability ever since the 2008 crisis. And according to Robin Newnham at the Alliance for Financial Inclusion, they are now playing vitally important roles in the global response to COVID-19. He explores how the global financial system is seeing the benefits of the reforms of the past decade – and how these efforts can expand in the future.
- Categories
- Coronavirus, Finance
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Analysis: How Powerful Is Financial Inclusion?
The story of the Freedman’s Bank suggests that fighting for trustworthy bank access can improve outcomes but isn’t enough to close the racial wealth gap.
- Categories
- Coronavirus, Finance, Impact Assessment
- Region
- North America
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Viewpoint: Fintech Innovators Can’t Let the Coronavirus Derail Financial Inclusion
Many of us take it for granted, but accessing basic financial services is fundamental to our economic and social development. It is hard to "get on" if you are forced to hide life savings under the mattress, or rely on predatory loan sharks for credit.
- Categories
- Coronavirus, Finance, Technology
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U.S.-Based Fintech Venio Launches Developing World-Focused Smartphone App to Make Nano Loans
The app is the first-ever smartphone-based nano lending service for developing countries, Venio said in a statement.
- Categories
- Coronavirus, Finance, Technology
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Survival, Recovery and Resilience: 12 Recommendations to Help Financial Institutions Weather the COVID-19 Crisis
COVID-19 has had a devastating impact on the 300 million-plus enterprises operating in emerging economies around the world. It has also harmed their financial institutions, which are dealing with poor asset quality, liquidity pressure and reduced profitability as clients struggle to repay loans. Analysts at MicroSave Consulting (MSC) share 12 recommendations to help these institutions survive and recover in the wake of the pandemic.
- Categories
- Coronavirus, Finance
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Airtel and Telkom Discontinue Merger Plans
The disclosure was made in a notification that was sent to the Nigerian Stock Exchange.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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