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Press release: Xpress Money Looking to Double Its Mobile Wallet Operations in Africa in the First Half of 2019
Mobile money paved way for financial inclusion in Africa, it plays a vital role in empowering people financially by providing them access to their money - a right that millions of people were deprived of in the region because of poor financial infrastructure. The convenience and safety of the service has led to an increasing demand for mobile money services. Global Money transfer organization Xpress Money, part of the Finablr network of brands witnessed a record 37% growth in Mobile Wallet Credits to Africa last year and foresees a similar trend this year too.
- Categories
- Finance, Telecommunications
- Region
- Sub-Saharan Africa
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Inside fight between Kenya, IMF over financial inclusion
The International Monetary Fund (IMF) insists it will still prescribe painful financial regulations as long as Kenya’s banking system continues to face vulnerabilities.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Press release: DFS Lab Announces Open Applications for Fintech Hackathon Focused on the Mojaloop Software
Mojaloop was created by the Gates Foundation's Level One Project, which is aimed at leveling the economic playing field by crowding in expertise and resources to build inclusive payment models to benefit the world's poor.
- Source
- Press release
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Financial services yet to spur economic growth in Indonesia
While Indonesia has seen its credit productivity increase, stakeholders lack a comprehensive understanding of the sector, hence the sluggish loan disbursement in recent years, the study says.
- Categories
- Finance
- Region
- Asia Pacific
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Can Mobile Money Boost Financial Inclusion in Southern Africa?
Mobile money offers opportunities for the unbanked to save, spend, and transfer money using just a cell phone. Linda Du ’19, an MBA student at Yale SOM, traveled to Zambia, Malawi and Mozambique to talk with providers, customers, and others about the technology’s potential to give the poor access to the financial system.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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A Microfinance Pioneer Branches Out: Early Learnings from FINCA’s Experiences as an Impact Investor
Some three decades after launching its work in microfinance, FINCA International has gotten into impact investing. Hoping to better understand emerging innovations and their impact on its customers and operations, FINCA Ventures has invested in six social enterprises operating in sub-Saharan Africa. Ami Dalal, the initiative's managing director, discusses the lessons it has learned so far, and how these investments improve FINCA's business strategy while furthering its mission.
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A Peter Thiel-Backed Credit Card Company That Caters to People with Little to No Credit Just Raised $30 Million
Peter Thiel has doubled down on his investment in a credit card company geared towards people that might typically be turned down by traditional banks.
- Categories
- Finance, Technology
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China Wants to Boost Loans to Small Businesses. Tech Companies May Be the Answer
China's push to encourage lending to smaller companies has created a business opportunity for large financial technology companies.
- Categories
- Finance, Technology
- Region
- Asia Pacific
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