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Press Release: Asian Fintech Firm TrueMoney Partners With Thunes, a Global Cross-Border Payment Network, to Expand Its Global Remittance Services
The partnership will transform the way people pay, send, and receive money in SEA, enabling TrueMoney's 58 million users to receive remittances across 100 countries.
- Categories
- Finance, Technology
- Region
- South Asia
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Viewpoint: Fintech Innovators Can’t Let the Coronavirus Derail Financial Inclusion
Many of us take it for granted, but accessing basic financial services is fundamental to our economic and social development. It is hard to "get on" if you are forced to hide life savings under the mattress, or rely on predatory loan sharks for credit.
- Categories
- Coronavirus, Finance, Technology
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Analysis: Why Cash Transfers Are an Efficient Method of Reducing Food Insecurity
With high levels of mobile phone and internet penetration, coupled with advanced digital technologies in the financial sector, Kenya has favourable conditions for cash transfers to the most vulnerable populations. However, corruption and lack of reliable data on beneficiaries can derail efforts to make all Kenyans food secure during and after the COVID-19 pandemic.
- Categories
- Agriculture, Coronavirus, Finance
- Region
- Sub-Saharan Africa
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U.S.-Based Fintech Venio Launches Developing World-Focused Smartphone App to Make Nano Loans
The app is the first-ever smartphone-based nano lending service for developing countries, Venio said in a statement.
- Categories
- Coronavirus, Finance, Technology
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Survival, Recovery and Resilience: 12 Recommendations to Help Financial Institutions Weather the COVID-19 Crisis
COVID-19 has had a devastating impact on the 300 million-plus enterprises operating in emerging economies around the world. It has also harmed their financial institutions, which are dealing with poor asset quality, liquidity pressure and reduced profitability as clients struggle to repay loans. Analysts at MicroSave Consulting (MSC) share 12 recommendations to help these institutions survive and recover in the wake of the pandemic.
- Categories
- Coronavirus, Entrepreneurship, Finance
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Airtel and Telkom Discontinue Merger Plans
The disclosure was made in a notification that was sent to the Nigerian Stock Exchange.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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10 Startups Named Finalists of Ecobank Fintech Challenge
10 startups have been named finalists of the third edition of the Ecobank Fintech Challenge, which gives startups the opportunity to promote their fintech solutions and potentially roll out across the bank’s 33 markets.
- Categories
- Finance, Technology
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Kenya’s Mobile Money Use Surges on COVID-19 Prevention Measure
The use of mobile money in Kenya has surged to a new high boosted by one of the measures declared by the government in the war against COVID-19.
- Categories
- Coronavirus, Finance, Technology
- Region
- Sub-Saharan Africa
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