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How Can Fintech Serve the Poor? A Q&A with CGAP CEO Greta Bull
As fintech innovation transforms the financial sphere, what are the implications for low-income and unbanked individuals? Greta Bull, CEO of CGAP, explored this question in a widely read essay earlier this year, and NextBillion followed up to get a deeper sense of her views on fintech's potential (and practical) impact. Her thoughts offer an important barometer of an organization and an industry in transition, as the tech revolution continues to reshape financial inclusion.
- Categories
- Finance
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Zambia looks to link up mobile money operators
The NFS is being established under the National Payment System with the aim of linking with other payment systems (individual operators' payment systems) without undue restrictions.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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U.S. Democrats push financial inclusion as 2020 election race heats up
Following the 2008 financial crisis, many banks pulled back from their poorest customers. The shift has had lasting costs for millions of Americans now struggling to access mainstream financial services such as checking accounts and credit cards.
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- Finance
- Region
- North America
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Mexico central bank says Uber, other firms interested in mobile pay system
When asked if Uber, the San Francisco-based ride-hailing firm, was one of the companies that had expressed interest, Diaz de Leon confirmed it had. But he noted that many prospective users were still trying to get to grips with how they might use CoDi.
- Categories
- Finance, Technology
- Region
- Latin America
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1 Million To Benefit From New Partnership To Boost Financial Inclusion In DRC
Agency banking, where local people are trained to provide banking services, is proving to be a viable approach for increasing financial inclusion in previously underserved areas.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Western Union, Thunes Tie Up to Boost Digital Money Transfer
With this deal, senders can now make the most of Western Union's emerging digital network. Alternatively, they can use an agent location to transfer funds straightaway to a recipient's mobile wallet.
- Categories
- Finance, Technology
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Viewpoint: Chase’s Checkless Account Won’t Make A Dent In The Unbanked Ranks
Economists at the Kansas City Federal Reserve looked into the factors associated with unbankedness. Not surprisingly, low income was a major determinant of not having a bank account. But the authors found that "a variety of other characteristics play a role in determining these households’ banking status."
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- Finance
- Region
- North America
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New partnership to boost financial inclusion in the Democratic Republic of the Congo
FSD Africa and Equity Bank Congo have entered into a new partnership that targets unbanked people in rural areas in the Democratic Republic of the Congo.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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