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Press Release: QuickCheck partners with Jumia & PayAttitude for further Financial Inclusion in Nigeria
QuickCheck’s affiliation with Jumia will allow customers to easily take loans on a mobile app they are already actively using.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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The Tech Revolution in Financial Inclusion is Excluding Last-Mile Customers: Here are Four Ways to Reach Them
The world is experiencing a surge in internet access, with almost 300 million new users in 2019 – and this growth is happening especially in developing countries. But in many communities, this access is unreliable and unevenly distributed, say Rodrigo de Reyes and Mauricio Romero at Fundación Capital – and this has serious repercussions for digital and financial inclusion. They explore four key ways to deal with this challenge when serving last-mile customers.
- Categories
- Finance, Technology
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Africa’s Fintech Boom Is Creating Niche Ecosystems to Power the Industry’s Future Globally
Johannesburg, Cape Town, Nairobi and Lagos all rank among the top 100 cities for fintech ecosystems, keeping with a trend which sees nearly half of the top 100 cities located in emerging markets.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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From Heritage to Habit: Why Digital Remittances Languish in Some Cultures But Surge in Others
Thirty years after their introduction, digital remittances have failed to take off. Some 90% of remittances still begin as cash and end as cash - even when banks are the intermediary. Lack of trust, access and interoperability - to name just a few challenges - are keeping lower-income people tied to costlier cash transfers. However, remittance providers and related fintech entities are exploring many new avenues to encourage recipients to keep remittances in the digital ecosystem and possibly use them for other financial products, writes Steven Davidson with Mondato.
- Categories
- Finance, Technology
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Report: Over 70% of Ghanaians Trust Mobile Money More Than Financial Institutions
Over 70% of Ghanaians trust mobile money more than other financial institutions.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Goldman Makes Biggest Mexico Fintech Bet With MercadoLibre Loan
Goldman Sachs Group Inc. agreed to lend $125 million to Mercado Credito, the bank’s third loan to a Latin American fintech this year and the biggest ever in Mexico.
- Categories
- Finance
- Region
- Latin America
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Why More Smartphones and Bank Accounts Haven’t Brought Financial Digital Inclusion in India
India's financial sector has been a gung-ho adopter of technology. But design of technology and finance have hardly reflected users’ lived realities.
- Categories
- Finance
- Region
- South Asia
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Central Bank Of Sri Lanka Looks To Build Know-Your-Customer System On Blockchain Tech
“The Central Bank of Sri Lanka (CBSL) together with experts in Sri Lanka’s Financial and Information Technology (IT) industries, is assessing the possibility of applying Blockchain Technology to streamline Know-Your-Customer (KYC) processes at financial institutions. It is expected that this would facilitate several potential use-cases that will increase efficiencies in the financial sector. It is also expected that it would help increase financial inclusion in Sri Lanka.”
- Categories
- Finance
- Region
- South Asia
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