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Dawn of the QR Code in Chile’s Payments Market
A drop in the use of cash brings various benefits in areas such as security, financial crime reduction, tax collection rates and minting costs.
- Categories
- Finance, Technology
- Region
- Latin America
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MTN Nigeria Officially Launches Mobile Money Operations
As its biggest market, the Nigeria launch is seen as a significant move by experts and industry players.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Survey: Fintech Adoption Rate Grows 64% Globally
Access to “innovative” products and ease of account opening are key factors driving consumers to FinTech adoption.
- Categories
- Finance
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Press Release: Fintech Nomanini Raises $4M in Funding Round Led by Standard Bank
Through the terms of the strategic investment, Standard Bank gains a stake in the company and the ability to use Nomanini’s platform to unearth previously ‘invisible’ data on the informal retail economy.
- Source
- Press release
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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Desperate Zimbabweans Use Cell Phone Transfers to Get Cash
The World Bank says increased use of mobile money is a welcome sign of a greater proportion of the population engaged in the banking sector. Yet, in Zimbabwe it is more a matter of the difficulty and the cost for ordinary folk of getting ready access to cash.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Microlending Goes Digital, Piling Debt on Millions
In Kenya, Africa’s financial-technology pioneer, there are now more people keeping money on their phones than in banks. Almost one-fifth of mobile-banking borrowers there defaulted last year – like Barasa, who has failed to pay three separate loans.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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M-Pesa Remains Primarily a Payments Tool, a 2019 CGAP Survey Reveals
The survey has revealed that an average M-PESA net balance is less than KES 1,000 ($10) and this figure remains constant whether the user has a bank account or not. These balances were the same across employment types and income levels.
- Categories
- Finance
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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PayPal-Backed Money Lender Tala Raises $110M to Enter India
Tala looks at a customer’s texts and calls logs, merchant transactions, overall app usage and other behavioral data through its Android app to build their credit profile.
- Categories
- Finance
- Region
- South Asia
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