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Press Release: Mexico Digital Bank Stori Raises $10 Million USD and Launches Inclusive Digital Credit Card
Highly concentrated in the super-prime space, the banking industry has underserved the Mexico mass population. Only about 40% of the nearly 130 million population have bank accounts, and less than 15% of consumers have access to bank provided lending. In addition, most banks have not caught up with the digital transformation and are not able to provide a compellingly simple and good customer experience.
- Categories
- Finance
- Region
- Latin America
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Paymob, Tamweely Team up to Empower Female Entrepreneurs
The #AcceptTheChange campaign will initially aim to empower 250 female merchants (and their female clients) by availing e-payment solutions that will allow the selected entrepreneurs to further benefit from a booming digital economy in Egypt.
- Categories
- Finance, Technology
- Region
- North Africa & Near East
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Facebook Libra’s Promise of Financial Inclusion ‘Doesn’t Sound Right,’ Says Mastercard CEO
The CEO of Mastercard has revealed why the company pulled out of Facebook’s Libra cryptocurrency project, saying he “doesn’t understand how it works”.
- Categories
- Finance, Technology
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The Power of Individuals: Why Formal Institutions Aren’t the Only Ones Driving Africa’s Innovation and Fintech Space
There’s a lot of attention on the businesses, NGOs and other institutions reshaping Africa’s fintech ecosystem. But there are equally important efforts underway – conducted not by institutions themselves, but by the individuals working within them – to build bridges between organizations, and create support networks for entrepreneurs and innovators. In this Q&A, Zianah Muddu, General Secretary of the Africa Fintech Network, discusses the pivotal – often overlooked – impact of this work.
- Categories
- Finance
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Off-Grid Solar Is Entering a New Era of Growth: GOGLA’s Off-Grid Solar Forum Explores Why
As the off-grid solar sector enters its second decade as a significant energy source, it's facing a host of new challenges, opportunities and growing pains. These dynamic changes will take center stage at the Global Off-Grid Solar Forum Expo, jointly organized by GOGLA (the global association for the off-grid solar energy industry) and the World Bank Group’s Lighting Global initiative next month in Nairobi, Kenya. GOGLA Executive Director Koen Peters shares why this conference won't be about rosy forecasts, but the real work of building the sector.
- Categories
- Energy
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Press Release: WorldRemit Partners with Wizall Money to Launch its First Mobile Money Transfer Service to Senegal
Using the WorldRemit app, customers in over 50 countries can now send money instantly to over 60,000 Wizall Money mobile accounts in Senegal.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Booster Teams to Breach the Rural Frontier of Digital Financial Services (DFS) in Uganda
In the context of rural digital finance, the concept of a “booster team” is a dedicated team that supports one or several organizations to distribute their products and services to the last mile population.
- Categories
- Agriculture, Finance
- Region
- Sub-Saharan Africa
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Press Release: WorldRemit Announces Global Remittance Partnership With Alipay
WorldRemit has announced a partnership with Alipay, the world's leading payment and lifestyle platform, enabling consumers to use the WorldRemit app or website for cross-border remittances to the Alipay app, bringing more convenient and inclusive transfer services to users around the world.
- Categories
- Finance
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