-
This Digital Platform Fights Corruption by Bypassing the Officials Demanding Bribes
In the Democratic Republic of Congo, the tax payment system could require many kickbacks to corrupt officials. A new digital platform lets people pay their taxes directly.
- Categories
- Finance
- Region
- Sub-Saharan Africa
-
Q&A: PayPal CEO Dan Schulman Reveals Why He Withdrew From Facebook’s Libra Project
In October, PayPal became the first company to walk away from The Libra Association without citing a specific reason, only that it decided “to forgo further participation in the Libra Association at this time and to continue to focus on advancing our existing mission and business priorities as we strive to democratize access to financial services for underserved populations.”
- Categories
- Finance
-
Viewpoint: Digital Impact Investing Is Here Now
In an often bleak political epoch, what a ray of light—capital and digital are working in partnership and we are moving the dial on impact.
- Categories
- Investing
-
PalmPay launches in Nigeria on $40M round led by China’s Transsion
Africa-focused payment startup PalmPay has launched in Nigeria after raising a $40 million seed round led by Chinese mobile-phone maker Transsion. The investment came via Transsion’s Tecno subsidiary, with participation from China’s NetEase and wireless comms hardware firm Mediatek — a Transsion spokesperson confirmed to TechCrunch.
- Categories
- Technology
-
How Do Consumers React to Psychometric-Based Credit Scoring?
Nearly 50 million Americans and literally billions more around the world have limited access to affordable credit – primarily due to a lack of credit histories. What's worse, many of these underbanked individuals are actually in decent financial standing – they simply do not have sufficiently mature credit scores. Psychometric (ie: personality-based) credit scores can address this issue – but how do customers feel about it? Saul Fine at Innovative Assessments shares results from recent surveys that aim to answer that question.
- Categories
- Finance, Technology
-
MTN Launches Mobile Money API Hackathon
The Hackathon, run in partnership with Ericsson (MTN’s MoMo technology partner), will give app developers based in Ghana, Uganda, Cote d’Ivoire, Cameroon and Zambia the opportunity to create innovative financial and transactional applications using the MTN MoMo API platform.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
-
Bank of America Is Reportedly Piloting Ripple’s Distributed Ledger Technology
When questioned about this recently, a Ripple representative stated that the bank would not confirm or deny whether it was a client, however, it said the companies had participated in a pilot together.
- Categories
- Finance
-
A Devil’s Bargain to Bank the Unbanked: Why Financial Inclusion Advocates Shouldn’t Trust Facebook’s Libra
As you've likely heard, Facebook has entered the inclusive finance arena, pitching Libra, a global cryptocurrency – ostensibly to promote financial inclusion. But as Digital Equity co-founder Valerie Khan argues, there are plenty of reasons to doubt Facebook's intentions and Libra's “social good” marketing campaign. In fact, she says, "Facebook is not being transparent about its real interest in Libra" – and both financial inclusion advocates and emerging countries should beware.
- Categories
- Finance, Technology
Parent Organization
