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Singapore Fintech Out to Empower Asia’s Unbanked
For most of us including Singaporeans, not having access to credit and debit cards is almost unheard of. Beyond the Little Red Dot though, citizens in Asia, Africa, Latin America and the Middle East continue to transact with cash and coins. They are the world’s unbanked who have minimal contact with banks and financial services. Though the unbanked make up about half of the world’s adult populace today, emerging financial technology startups including Singapore fintech startups are amplifying efforts to bring financial inclusion to the unbanked right at their fingertips.
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- Uncategorized
- Region
- South Asia
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Islamic banking consistently expanding in Pakistan
Last week, the State Bank of Pakistan granted its first license to a micro-finance bank and brought it into the Islamic mode.
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- Uncategorized
- Region
- South Asia
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Seven Approaches to Agent Management: A new paper documents the variety of ways that digital finance providers assemble and manage agent networks
Agent networks are the main service touch points for most digital finance customers, and they’re probably the most challenging and costly element of the value chain. The authors of a new paper, Designing Successful Distribution Strategies for Digital Money, discuss how digital finance service providers in various regions have assembled and managed their agent networks.
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- Education
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President Obama a Fan of M-PESA, Kenyan Innovation
US President Barack Obama has endorsed Kenya's innovation powerhouse status and regional economic might during the opening of the 6th Global Entrepreneurship summit.
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- Uncategorized
- Region
- Sub-Saharan Africa
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The battle between Africa’s mobile phone companies and banks is a boon for financial inclusion
Now banks are not only trying to compete in this space but also offer new products that promise access to banking services to those who up until this point were excluded.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Bitcoin companies move ahead in Africa
Efforts to get Bitcoin off the ground in Africa received a boost this week as BitX announced it has raised $4 million in funding.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Weekly Roundup 7/25/15: ‘Worm Wars’ and other conflicts from the past week
Maybe it’s the heat, but as we approach the dog days of summer, people seem to be in a fighting mood. This week featured plenty of conflict, involving companies, nonprofits, politicians – and even researchers. Grab some popcorn as we cover the hostilities – and compile some memorable tweets – in this Roundup.
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- Education, Health Care
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Africa Makes Leap in Cross-Border Mobile Payments
New partnerships aimed at getting a bigger slice of the $48 billion Africans sent and received last year.
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- Uncategorized
- Region
- Sub-Saharan Africa